Annuities? - A second look
A 77-year-old male non-smoker considering a $200,000 annuity can expect monthly payouts influenced by age, annuity type, and payment options. While exact figures for age 77 aren't provided, estimates can be derived from nearby age brackets: Age 75 : $1,667/month (single life only) 1 Age 80 : $2,058/month (single life only) 1 For a 77-year-old, payments would likely fall between $1,800-$1,900/month for a single-life immediate annuity, assuming similar rate progression. This estimate considers: Annual percentage payout rates : 10.24% at 75 ($1,706/month) 5 12.57% at 80 ($2,095/month) 5 Intermediate ages would see proportionally higher rates. Payment options : Adding guarantees like a 10-year certain period reduces monthly payments by ~12-15%. For example: Age 75: $1,584/month (single life + 10-year certain vs. $1,667 for life only) 1 Key factors affecting payouts: Annuity type : Immediate annuities provide higher payouts than deferred 4 Health status : While non-smoker ...