What is a $500k annuity?

When a retirement saver purchases a $500,000 annuity, he or she invests or deposits that amount into an annuity contract offered by a financial institution, often an insurance company. An investor can invest various amounts into an annuity and is not limited to $500,000.

Is a $500,000 annuity right for You?

If you’re looking for alternative ways, outside of the stock market and bonds, to create retirement income, an annuity could be right for you. Whether you’re nearing retirement age or have decades to go, a $500,000 annuity can provide consistent, reliable retirement income that forms part of your financial foundation for the rest of your life.

What is a $500,000 life annuity?

A $500,000 straight life annuity will have a higher payout than a life with period certain or a joint and survivor annuity of the same premium amount. Type of annuity: Immediate annuities are the easiest payments to calculate because they begin paying out right away.