: Because the insurance company takes on more risk by guaranteeing a refund, the monthly payment you receive is typically lower than it would be with a "life-only" annuity. Core Benefits vs. Drawbacks Before You Buy an Annuity — Watch This First
: If you purchase an annuity for $200,000 and receive $120,000 in monthly payments before passing away, your beneficiary receives the remaining $80,000 in one cash payment . cash annuity
: This structure ensures you at least "break even" on your initial contribution, addressing the fear of "losing" money to the insurance company. : Because the insurance company takes on more
