Immediate Annuity Rate
You can check annuity rates on an immediate fixed annuity or other type of annuity
through several sources on the Internet. It is also recommended you get an
annuity rate from your financial planner as not every annuity rate is posted
on the Internet.
Immediate annuities don’t have a published interest rate, rather,
they have a factor per $1,000 invested. For example, in Comparative
Annuity Reports you will find a table of factors for a single premium
immediate annuity from several annuity companies. You can find
for example a factor of 7 for a male age 75. This means for every
$1,000 deposited, he will received $7 per month from the immediate
annuity company. You can find other fixed annuity rates in Comparative
Annuity reports and also by using this immediate
annuity calculator. To get an immediate annuity quote, we
like immediateannuities.com.
The fixed annuity rate on a deferred annuity is expressed
as an annual interest rate such 3.5%. A variable annuity
rate is impossible to express as your rate of return will be determined
by the investments you choose within the annuity. There
are a few sources on the Internet to peruse for the best annuity
rates: insure.com, AnnuityNet.com, AnnuityScout.com and Variable
Annuities Online. On these sites you can find both fixed
annuities rate and also life annuity rates (life annuities are
a type of immediate annuity).
Note that there are sometimes special annuity interest rates
offered. You would only know about these from an insurance
agent or financial advisor. An insurance company may have a “sale”
and tack on a bonus rate for a short period such as 2 weeks. They
may increase their immediate annuity rates by 20 to 50 basis
points to attract capital.
Steer clear of sites that force you to register to get fixed
annuities rates or immediate annuity quotes as you will need
to wait for an agent to call you back. The sites mentioned
above provide online quotes and rates on fixed immediate annuities
and deferred annuities.
This brief glossary may help you make sense of items you
see above.
Current annuity rates – the rates you will find, typically
for fixed annuities, on the web sites listed above.
Pension annuity rates – because many pensions are settled
by providing the retiree and immediate annuity, these are
sometimes referral to as pension annuities.
Immediate variable annuity – you make a single deposit for
a stream of payments (either for a term of years or lifetime)
and your payments depend on the performance of the investments
you have selected inside the variable annuity.
Immediate payout annuity - just another term for immediate
annuity where payments to the investor begin immediately.
This is typically purchased at retirement.
Keep in mind that the highest annuity rates are fleeting.
What you see published today may change tomorrow as companies
can changes rates and immediate annuity payout factors at
any time. |