Genworth vs Nationwide Payout Comparison Non-Guarantee Income Riders
This post contains information that will show you Genworth vs Nationwide Payout Comparison Non-Guarantee Income Riders
When assisting clients with choosing an annuity product, it is important to understand how different companies handle income riders. Below is an payout overview from Nationwide vs Genworth.
Nationwide’s grows based on interest earned however, once income starts that income amount remains in effect for life. Therefore, a 55 year old making a $100,000 deposit, taking income in 10 years would receive $9,905 annually from age 65 through age 75, for a total payout of $108,955.
Genworth’s grows based on interest earned, however income continues to grow. The income amount grows respectively for life. Therefore, a 55 year old making a $100,000 deposit, who starts to take income in 10 years would receive annual payouts as follow:
At Age 65: $10,409
for a total payout of $127,192
For more information regarding either these or any other annuity products, please call the office at 203-796-5403 or email us at [email protected]
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