Immediate Annuity Examples

Example 1: Retiree with no beneficiaries looking to plan for retirement and doesn't want to worry about his income fluctuating or ever going away. In this case the retiree  a male age 60 decides that he needs a monthly income of $1,500 per month in order to satisfy his needs.  After receiving a customized quote from Annuity Rate Shopper it is determined that he needs to deposit $222,222.22.  After writing the insurance company the check for $222,222.22 he is now gurantee $1,500 per month for the rest of his life, without a worry in the world. 

Example 2:  A  Woman age 71 with 3 kids looking to retire and not wanting to worry about their monthly paycheck decide to purchase and immediate annuity that will pay $4,000 per month for her entire life but not less than 20 years.  This way if they pass away before the 20 years their beneficiary will continue to receive some of the money.  Based on her age she will need to deposit $551,724.14 to the insurance company in order to receive her monthly payments for life.

For more information or a custom quote please contact us.

Immediate Annuity Calculator