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Obviously, I was talking about the monthly payment TO me. I have been talking about that all along.
Then it is as I said. You have a fixed annuity (funded with fixed assets like MM, bonds, etc in which the principal amount is "fixed" so it won't shrink under normal conditions) and the $575 is the currently-projected annuitized payout.
Now, given all you have been shown and told in this thread so far, what are your remaining questions?
Everyone should beware that insurance salesmen may roam this board defending their high commission, inferior products with childish, knee-jerk responses that are devoid of facts and data.
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what he said. he refers to every other type of annuity but the one that is recommended WITH YOUR OWN INVESTING , a plain ole spia .
