Last updated: October 24, 2026
Quick Answer
The company pays income for your lifetime.
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Questions & Answers
| Question | Answer |
|---|---|
| Does a life only annuity pay anyone after you die? | It doesn’t make any payments to anyone after you die. |
| Does this payment option pay the highest income? | This payment option usually pays the highest income possible. |
| When might you choose a life only option? | You might choose it if you have no dependents, if you have taken care of them through other means or if the dependents have enough income of their own. |
Related Questions
Large Print Version
What is a life only annuity?
The company pays income for your lifetime.
Does a life only annuity pay anyone after you die?
It doesn’t make any payments to anyone after you die.
Does this payment option pay the highest income?
This payment option usually pays the highest income possible.
When might you choose a life only option?
You might choose it if you have no dependents, if you have taken care of them through other means or if the dependents have enough income of their own.
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Jeffrey Scott McLeod, LUTC — National Producer #558629.
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