Your Annuity Payout Choice Impacts Retirement Income
When it comes to annuities, one of the most important—and often overlooked—decisions is how you choose to receive your income based on your annuity payout choice. This single decision can significantly impact how much you’ll receive over time, what protections are in place for your spouse or heirs, and how flexible your plan will be if your situation changes.
At Diversified Insurance Brokers, we help clients make informed payout choices that match their unique needs, goals, and family situations.
So, what are your options?
Most annuities offer a menu of payout methods. These typically include:
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Life Only – Pays the highest income amount, but stops at death.
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Joint and Survivor – Continues income for your spouse after you’re gone, though at a reduced rate.
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Period Certain or Life with Period Certain – Guarantees payments for a specific number of years, even if you pass away early.
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Installment or Cash Refund – Ensures your beneficiaries receive the remaining value if you die before recouping your premium.
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Guaranteed Lifetime Withdrawal Benefit (GLWB) – Offers flexible income for life, even if your contract value runs out.
Each option trades off income amount, legacy potential, and flexibility.
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For example:
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Want maximum income? Life Only provides the biggest paycheck but no protection for your family.
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Want spousal security? Joint and Survivor ensures ongoing support for your partner.
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Want to leave something behind? Refund or period-certain options offer peace of mind.
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Want a blend of flexibility, lifetime income, and protection? That’s where GLWB options shine.
Not sure which path makes the most sense for you?
At Diversified Insurance Brokers, we offer side-by-side annuity comparisons personalized to your age, goals, and risk tolerance. Whether you’re planning ahead or already holding an annuity, we can help you evaluate your payout options to get the most out of your retirement strategy.
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Contact Us Today:
Ready to explore insurance and annuity options that offer guaranteed income, principal protection, disability, life insurance, Social Security and Medicare reviews, and long-term financial growth? Let the expert advisors at Diversified Insurance Brokers help you find the right strategy for your retirement goals.
📞 Call us at 800-533-5969
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