I got the annuity rate here out of the Annuity Shopper Buyers Guide April 2015 posted at ImmediateAnnuities.com
Average single life annuity rates from a $100,000 premium :
| Life | 3% cola | 20 year | |
| 50 M | $397 | $249 | $387 |
| 50 F | $380 | $233 | $374 |
| 55 M | $430 | $280 | $412 |
| 55 F | $409 | $263 | $398 |
| 60 M | $474 | $324 | $441 |
| 60 F | $447 | $300 | $426 |
| 65 M | $534 | $383 | $472 |
| 65 F | $499 | $352 | $458 |
I have listed the average rates for people 50, 55, 60 and 65 years old either male or female.
So for example if you're a 65 year old male and buy an annuity with a 3% cola you'll get $383 a month for the first month with a $100,000 premium.
The 3 columns are : a simple single life, life with 3% cost of living adjustment (cola) and a 20 year certain payment which guarantees to pay out at least 20 years or life whichever is longer.
Annuities with the 3% cola pay about 30-40% less than a regular life annuity.
--
Posts
