A
Alan2007
Member
I understand that annuities provide a fixed income during the future lifetime of the annuitant. Effectively provides a loss of regular income from the individual not working. Removes the uncertainty of the speed at which the money is used up.
In regards to the cost of annuity, I would imagine that the last survivor status annuity would be most expensive and the joint life the cheapest.
How would the needs differ between annuity products written on single life, joint life, last survivor status?
Many Thanks
In regards to the cost of annuity, I would imagine that the last survivor status annuity would be most expensive and the joint life the cheapest.
How would the needs differ between annuity products written on single life, joint life, last survivor status?
Many Thanks