Turn a Rollover Into a Paycheck You Can't Outlive.

It means a specific dollar amount, contractually guaranteed by the issuing insurance company, that gets paid to you on a set schedule (usually monthly) for as long as you're eligible — regardless of what the underlying account balance does or what the market is doing that year.

Not necessarily. Many contracts let you begin guaranteed lifetime withdrawals while still owning the underlying account, rather than fully annuitizing (permanently converting) the whole balance. We'll walk through exactly what access looks like for your specific contract.

Similarly in spirit — both are designed to be predictable and can't be outlived — but a guaranteed income floor from a rollover is built entirely from your own assets, on your own timeline, and can be layered on top of Social Security rather than replacing it.

This depends heavily on the specific contract and any death benefit or beneficiary provisions attached to it. Some structures preserve remaining value for beneficiaries; others prioritize a higher guaranteed payout during your lifetime. We review this trade-off with you directly.

For most people, part. The idea is usually to guarantee a floor that covers essential expenses, while keeping the rest of your savings more flexible and growth-oriented. We'll help you find the right split for your situation.

It's based on a payout rate set by the carrier, applied to the amount allocated at the time you turn income on — and that rate is influenced by your age, the specific rider, and current interest-rate conditions. Our calculator above gives a rough estimate; your real numbers come from an actual carrier quote.