A $400,000 Annuity Guarantees $2,600 a Month for Life, but Here is the $190,000 Retirees are Giving Up
A $400,000 Annuity Guarantees $2,600 a Month for Life, but Here Is the $190,000 Retirees Are Giving Up Quick Read - A life-only SPIA on $400,000 pays $2,600 monthly but surrenders roughly $190,000 in residual estate value to the insurer at death. - Most of each annuity check is...</strong