Financial investors have a variety of decisions to make when they want to buy annuities and these include settlement options, premium options and additional benefit riders. Most investors utilize annuities for their capital restoration, but their main goal is to generate income for the annuitant, otherwise known annuity settlement options.

Annuity investors have a number of settlement options to choose from which suit their individual needs and this is where Straight Life Annuity belongs. This settlement option is one of the most common options available in the market and offered by most insurance provider. This type of annuity will offer the annuitant a steady income for life.

In straight life annuity settlement options, the annuitant can obtain his income but in most cases, there can be no survivorship in here. In other words, when the annuity holder dies, no benefit will be given to his beneficiaries or beneficiaries can’t ask for money benefits. However, in straight life annuity with period certain, annuity investors who wanted to seek benefits feature can fulfil their desires. This annuity provides lifetime income with a period certain feature. For instance, if the annuitant receives $2500 a month and this will be within ten years, but he dies in the 5^th year, the beneficiary can now have the chance to receive the remaining amount. The primary aim of this settlement option is to assure that the annuitant is provided with a stable income as long as he lives. This is most common to retirees who want to save for their retirement period.

Another annuity settlement option is called cash refund option. In this type, the refund is provided in a form of lump sum amount to the beneficiaries when the annuity holder dies.

A good financial planner or consultant can further discuss about these annuity settlement options. If you want to ensure good settlement choices, match the settlement with your needs and seek financial help.

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Investors who wish to invest for their future through settlement options might feel that they need to choose for the best option for they need to secure their future. Well, surely they can because there can be four basic annuity settlement options they can choose from. Knowing what the options are as well as the circumstances you need to consider can be a great help in making the right choice. Below are the four basic annuity types you can consider and let’s tackle briefly each of them.

Straight Life Annuity Option - This type of annuity settlement gives annuity buyers or annuity investors the highest possible income as long as they exist. But, one main disadvantage of this type is that when the annuity holder dies, the annuity dependents or whoever beneficiaries involved can get nothing from it. So, one good advice for an investor before choosing this type is to be secured that he has nothing to do with beneficiaries or he has no beneficiaries at all. This option is good for those persons who have no obligations to look after so they can greatly receive a lot for this annuity option.

Straight Life Annuity with Period Certain Feature - If the first type mentioned above doesn’t care for beneficiaries of the annuity holders when they die; this annuity option is one of the most selected annuity settlement options for it cares about dependents or beneficiaries. The annuity income is not that big but holders can be guaranteed of steady income.

Straight life Annuity with Refund Option - The refund option offers lifetime income. When you want to purchase this type of annuity, the purchase price can be equated to the money you have invested. However, the beneficiary of the annuitant can receive nothing when the annuity income received goes beyond the purchase price.

Joint and Last Survivor Option - This is good if the annuitant has a dependent that exceeds a certain period like marriage couples. Among other types of annuity settlement options, this option serves two masters at a time - the annuitant and the contingent beneficiary. It may offer the lowest income compared to the three mentioned above but it can offer the greatest security for the contingent dependent.

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