When buying annuities, do different places pay different interest? If so, who pays the highest?
Does that make a difference in how often it pays out?
There are a type of annuities that pay interest that are called fixed annuities – and that interest rate varies as to the benefits and features of the product, the amount invested, and the customer’s age. Annuities are not rated like life insurance – your preference for smoking and sky diving as suggested above are not a factor.
Your payment schedule will affect the amount of your payments, but not the rate of interest paid on the product.
As to who has the best product – see your financial advisor who will be able to put together a financual plan specific to your situation. It is impossible to make a responsible suggestion without knowing more facts. In general however – go with a reputable company and a trustworthy advisor.
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