Immediate Annuity for Seniors

Discussion in 'Annuities Forum' started by capnjim01, May 5, 2017.

  1. capnjim01
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    capnjim01 Well-Known Member

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    I need an annuity for a senior age 81, wife is 77. The want to start taking a payout as soon as possible.
     
  2. Todd King
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    Todd King Well-Known Member

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    You're going to want to know how long they want the payout and how much do they want to put in it.
     
  3. capnjim01
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    capnjim01 Well-Known Member

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    Pay out for life and let's start with $300 to $500K to start with.
     
  4. Tahoe Ray
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    Tahoe Ray Well-Known Member

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    Do you need any death benefit?
     
  5. capnjim01
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    capnjim01 Well-Known Member

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    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.
     
  6. senior-advisor-indiana
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    senior-advisor-indiana Well-Known Member

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    ............................
     
    Last edited: May 6, 2017
  7. Tahoe Ray
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    Tahoe Ray Well-Known Member

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    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.

    VC SPIA Quote.jpg
     
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