INCOME PAYMENT OPTIONS
- Life Only
- Period Certain from 5-30 years
- some periods may be unavailable at some times - Life with a Period Certain from 5-20 years
- Joint & Last Survivor with 50%, 60%, 66.6%, 75%, or 100% paid to the survivor, with or without a period certain period of 5-20 years
- Joint & Spouse with 50%, 60%, 66.6%, 75%, or 100% paid to the spouse, with or without a period certain period of 5-20 years
- Installment Refund
- Cash Refund
COST OF LIVING ADJUSTMENT (COLA)The Cost of Living Adjustment is an additional option that can be added to most of the available income options at the time of application. Palladium SPIA offers a 3% compounding COLA.
Below are some income stream case studies from American National so you can see how other retirees take advantage of annuity products to achieve income streams.