Cash Annuity Official

: 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

: This structure ensures you at least "break even" on your initial contribution, addressing the fear of "losing" money to the insurance company. cash annuity

: 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 . : Because the insurance company takes on more

A is a specific type of insurance contract designed to provide guaranteed income while ensuring your original investment isn't lost if you die early. Unlike a standard annuity, where the insurance company might keep the remaining balance upon your death, this version pays a lump sum to your beneficiaries for the difference between what you paid in and what you received. How the "Cash Refund" Works : If you purchase an annuity for $200,000