Payout phase
Payout phase
Payout phase is the duration of time when an annuity contract makes regular, periodic income payments to the annuitant. Prior to the payout phase, the annuity is said to be in the contribution phase. Annuity payments are taxable income.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed |
4.39 |
| 5/1 ARM | 3.69 |
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