Annuity Payout Options and Suitability

What this video covers

• How life-only, life with period certain, fixed-period, joint-and-survivor, and refund options differ in payment duration and beneficiary protection
• Why added survivor, refund, or minimum-period guarantees commonly lower the starting payment
• How to calculate a survivor payment, such as 75% of a $1,200 joint payment, and an unpaid refund balance, such as $100,000 minus $64,000 paid
• Why fixed-period income is not the same as life income with period certain, and when the period-certain clock begins
• How to use a suitability checklist covering income duration, survivor goals, liquidity, health and longevity, costs, and other client circumstances
• How annuitization differs from systematic withdrawals and living-benefit riders, including what access to money remains