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Annuity Payouts?

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Nov 17, 2009 5:14 am

gettingstarted

Joined: 2009-09-25Offline

I’m at  a  Mutual Ins Co B/D and I have been following their process even though I’m experienced in the biz.  I heard someone ask about Annuity payouts the other day and I thought I heard one of the sales managers say annuity payout is 3% –  I know I used to make a lot more than that.

What is your typical payout on VA or FA business and is 3% in todays world getting hosed?


Nov 17, 2009 5:39 am

BerkshireBull

Joined: 2009-06-10Offline

3% for a SPIA or deferred fixed annuity sounds right.

Variables may be higher depending on what type payout you select.

Index annuities will be higher still.