WHERE AND HOW TO RECEIVE THE ANNUITY PAYMENTS
IF you already decided that you can purchase annuity, It is very important factor to consider is the method on how you wants to paid. You have the many options to select payouts for a set period or it can continued throughout your lifetime.There is another options wherein the beneficiary can choose to receive the annuity payment upon your death.
There are also many choices namely the straight life option,the joint or survivor option, and the refund annuity. The straight life annuity enables you to derive income throughout your lifetime even after the money you had put into annuity has already been used up.
However,if you die even before the account hase been used up, nobody can collect the payouts, The straight life annuity is perfect for someone who don`t have any dependents or for a person who needs to maximize his income.