Immediate Annuity for Seniors

[capnjim01]

I need an annuity for a senior age 81, wife is 77. The want to start taking a payout as soon as possible.

 

[Todd King]

You're going to want to know how long they want the payout and how much do they want to put in it.

 

[capnjim01]

Pay out for life and let's start with $300 to $500K to start with.

 

[Tahoe Ray]

Pay out for life and let's start with $300 to $500K to start with.

Do you need any death benefit?

 

[capnjim01]

Probably need something with survivor benefits, the husband will probably pass away before the wife. Neither one is in great health, however it's mostly muscle related. It's my in laws so after the last one dies anything left passes on to my wife and her brother.

 

[senior-advisor-indiana]

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[Tahoe Ray]

Probably need something with survivor benefits, the husband will probably pass away before the wife. Neither one is in great health, however it's mostly muscle related. It's my in laws so after the last one dies anything left passes on to my wife and her brother.

See below. This is for 500k joint life with a cash refund (whatever isn't spent goes to your wife and her brother).

Let me know if you have questions.