| SWKS - 2/25/2021 16:41
So how much guaranteed monthly income would this annuity generate per $1million invested in it? It will be age dependent, the older the annuitant, the more longevity credits they’ll earn. A male 70 years old, would be roughly $5833, a 75 year old around $8533. A 90 year old would be around $17,000. If a 90 year old is down to his last $100,000, there is no better place for him to have his money. He’d recieve over $20,000 a year even if he lived to be 110. Interest rates are climbing, so these payouts are going to rise accordingly.
Edited by Boone & Crockett 2/25/2021 18:03
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Reverse Mortgage- why do one?
