Single-Life Payout

Filed Under » , , , , , ,
Dictionary Says

Definition of 'Single-Life Payout '

One of two payout option methods an employer uses to distribute retirement benefits. At retirement, a retiree has the choice of either a single-life payout or a joint-life payout. A single-life payout means only the employee will be receiving the payments for the rest of his/her life, but the payments stop upon his/her death.
Investopedia Says

Investopedia explains 'Single-Life Payout '

In contrast to the single-life payout option, a retiree can also choose a joint-life payout option that will continue payments after the retiree's death to someone else, such as a spouse. Some plans restrict the survivor benefits to immediate family members. Typically, the periodic payment from a joint-life payout option will be less than the amount in a single life payout because it continues after death.
Search results for

'Single-Life Payout '

  • What is pension maximization?

    http://www.investopedia.com/ask/answers/09/what-is-pension-maximization.asp
    ... Most pension plans will offer the participant at least two common payout
    options: single-life payout or joint-life payout. Under ...

  • Life Expectancy: It's More Than Just A Number

    http://www.investopedia.com/articles/insurance/09/life-expectancy-insurance-annuity.asp
    ... If you choose a joint life annuity with a period-certain payout, you are ... If you choose
    a single life annuity option, payments are made to you based on your ...

  • Live Longer, Retire Younger: Can You Do It?

    http://www.investopedia.com/articles/retirement/07/insureretirement.asp
    ... Pension Payments, Selecting The Payout On Your Annuity and Pension Law Could Reduce
    Your Payout.) Income payments can be over your single life expectancy or ...

  • Is Your Defined-Benefit Pension Plan Safe?

    http://www.investopedia.com/articles/retirement/08/safe-db-plan.asp
    ... PPA) should increase your odds of receiving the full pension payout promised by ... the
    agency guarantees in single-employer plans is a single life annuity of ...

Related Articles

Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.36%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
Rate data provided by Bankrate
Partner Links