Annuity Payout Explaination

[iiinycboi]

can someone explain this to me? this is the projected benefit payout. i understand what each are.

but why would anyone pick first to die 50% over 50% contingent survivor?

Also would it be more beneficial to select a young beneficiary like their son at 25 to receive more benefit over time (i know its less but the kid may live longer for more benefit).

basic info annuitant is 57 years old and spouse is 52 so which is the best?

 

[Norwayguy]

can someone explain this to me? this is the projected benefit payout. i understand what each are.

but why would anyone pick first to die 50% over 50% contingent survivor?

Also would it be more beneficial to select a young beneficiary like their son at 25 to receive more benefit over time (i know its less but the kid may live longer for more benefit).

basic info annuitant is 57 years old and spouse is 52 so which is the best?

A difference in age that large would definatly change the numbers you are looking at.