Annuity Pay Index Rises

April 11, 2017 by Cyril Tuohy

Rising interest rates have helped push payment yields for income annuities to their highest levels in nearly six months, according to an annuity pricing and analysis service.

A person investing $100,000 into an immediate income annuity on March 29 can expect to receive, on average, about $530 per month for a yield of 6.37 percent.

That represents an increase of about $20 per year over what the average annuitant would have received for an identical annuity investment on Feb. 22, according to the CANNEX Payout Annuity Yield Index – or PAY Index.

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Originally Posted at InsuranceNewsNet on April 8, 2017 by Cyril Tuohy.