Previous TopicTopic MenuNext TopicSet BookmarkNav bar

Annuity Payout Options

Another way to classify an annuity is the payout option chosen. Once an annuity matures and its accumulated fund is converted to an income stream, a payout schedule is established (See Table 2.4). There are a number of annuity payout options available:

  • Straight life income,
  • Cash refund,
  • Installment refund,
  • Life with period certain,
  • Joint and survivor, and
  • Period certain.


Go to next section in this lesson

Copyright © Broker Educational Sales & Training, Inc.