A Life Insurance that Pays Out Over Time?

[taz]

Transamerica allows you to illustrate different settlement option scenarios. Keep in mind that part of the income stream is interest and thus taxable.

This was what I was looking for.
Thanks

 

[Todd King]

Assurity has one called the Assured Income Protector. Here's the product details....

Issue Ages • Insured – 18 through 85, age last birthday
• Beneficiary – 0 through 85 (0 through 80 with Premium Protection
Rider), age last birthday

Issue Classes Male/female, preferred non-tobacco/standard non-tobacco/
tobacco
Minimum monthly benefit $300
Minimum monthly premium $100

Benefit Monthly benefit including these options:
• Level benefit
• 3% annually increasing benefit
• 5% annually increasing benefit
(Lump sum not available)

Premium Options • 10 years
• Lifetime not to exceed age 100

Features Accelerated First-Year Benefit Rider for no additional premium

Illustrations Is required, software available

Optional Riders(additional premium)
• Premium Protection Rider
• Special Term Life Policy

Policy Fee None