I assume you are talking about a SPIA. The payout is based on life tables. The expected life span for a 95 year old will result in a high payout. Adding a 10 or 15 year period certain lowers the payout, because the life table does not expect her to live that long. By definition, with a SPIA, she will get the payout for as long as she lives. She does not need a life certain guarantee. It would not be for her benefit.
Statistics: Posted by stlrick — Sat Mar 09, 2024 4:46 pm — Replies 3 — Views 183
