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Senior Facts
“36.3 million -- The number of people 65 and over in the United States on July 1, 2004. This age group accounts for 12 percent of the total population. Between 2003 and 2004, 351,000 people moved into this age group.” Census Bureau for Older American Month
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Longevity Annuity Scenarios |
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Brandon, age 45, has $100,000 to purchase a longevity annuity. He
wants to start receiving his monthly payments at age 65. With his
initial investment of $100,000 his guaranteed monthly payments will be
$2,312.19 which totals an annual income of $27,746.28.
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{philaform 9}
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Sally, age 45, has $100,000 to purchase a longevity annuity. She
wants to start receiving her monthly payments at age 65. With her
initial investment of $100,000 her guaranteed monthly payments will be
$2,119.97 which totals an annual income of $25,439.64.
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Miguel, age 60, has $100,000 to purchase a longevity annuity. He wants to
start receiving his monthly payments at age 75. With his initial
investment of $100,000 his guaranteed monthly payments will be $2,542.86
which totals an annual income of $30,514.32.
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Linda, age 60, has $100,000 to purchase a longevity annuity. She wants to
start receiving her monthly payments at age 75. With her initial
investment of $100,000 her guaranteed monthly payments will be $2,202.78
which totals an annual income of $26,433.36.
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John, age 75, has $100,000 to purchase a longevity annuity. He wants to
start receiving his monthly payments at age 85. With his initial
investment of $100,000 his guaranteed monthly payments will be $3,587.69
which totals an annual income of $43,052.28.
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Maria, age 75, has $100,000 to purchase a longevity annuity. She wants to
start receiving her monthly payments at age 85. With her initial
investment of $100,000 her guaranteed monthly payments will be $3,026.42
which totals an annual income of $36,317.04.
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| Name |
Age In |
Age Out |
Amount In |
Monthly
Payment |
| Brandon |
45 |
65 |
$50,000 |
$1,156.10 |
| Sally |
45 |
65 |
$50,000 |
$1,059.99 |
| Miguel |
60 |
75 |
$50,000 |
$1,271.43 |
| Linda |
60 |
75 |
$50,000 |
$1,101.39 |
| John |
75 |
85 |
$50,000 |
$1,793.85 |
| Maria |
75 |
85 |
$50,000 |
$1,513.21 |
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| Name |
Age In |
Age Out |
Amount In |
Monthly Payment |
| Brandon |
45 |
65 |
$100,000 |
$2,312.19 |
| Sally |
45 |
65 |
$100,000 |
$2,119.97 |
| Miguel |
60 |
75 |
$100,000 |
$2,542.86 |
| Linda |
60 |
75 |
$100,000 |
$2,202.78 |
| John |
75 |
85 |
$100,000 |
$3,587.69 |
| Maria |
75 |
85 |
$100,000 |
$3,026.42 |
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