How much does a fixed annuity pay per month?

Your annuity company gives you four options for receiving payouts, each of which will generate a different amount of monthly income. Here’s how much income a $300,000 fixed annuity might pay per month: $3,517 if you choose single life only, which allows you to receive income for life but does not offer a death benefit to your beneficiaries.

What types of annuities offer payout guarantees?

These options vary by provider, but most companies offer payout guarantees including period certain, single life and joint life. A period certain annuity, sometimes called a term certain annuity, guarantees payments for a set number of years, usually between 10 and 25. A single life annuity guarantees payments for the annuitant’s lifetime.

How does the annuity payout calculator work?

The Annuity Payout Calculator only calculates fixed payment or fixed length, two of the most common options. Both are represented by tabs on the calculator. Lump-Sum The lump-sum payment option allows annuitants to withdraw the entire account value of an annuity in a single withdrawal.