How to Find the Best Payout Annuities

Finding the best payout annuities is important if you want to make sure that you have enough money to live on during your retirement years. With all of the annuity products that are in the market, it can be difficult to separate the good from the bad. Here are the basics of how to find the best payout annuities for retirement.


The first factors to look at are the financial ratings of the insurance company that is selling the annuity. Financial companies like Moody's and Standard & Poor's will provide financial ratings of insurance companies. You should try to locate companies that have a "B" rating or higher for safety.

Payment Amount

You also need to compare the different annuity products by how much they pay per month. To do this, you can visit the different insurance companies' websites and play with their calculators, or you can use a website that compares annuity rates. You can plug in numbers such as your expected lifespan and how much you plan on contributing. When comparing all of the annuities from different companies, you need to make sure that you use the same numbers with each comparison. The annuity that shows you the highest payment will potentially be your best option.

blog comments powered by Disqus