Estimate the monthly income your savings could generate, then call 1-800-MEDIGAP for exact figures.
How do you calculate monthly annuity income?
Monthly annuity income depends on your premium, age, gender, and payout option, combined with current interest rates. A calculator multiplies your lump sum by a payout rate derived from those factors to estimate your monthly check. For scale, in mid-2026 each $100,000 of immediate annuity premium produces roughly $600-$700 per month for a 65-year-old on a life-only basis, per Annuity.org; so $200,000 would roughly double that. Older ages and life-only options yield higher monthly income, while joint or refund options yield less. These are estimates; your binding amount is set at purchase. Call 1-800-MEDIGAP for a precise monthly-income quote tailored to you.
How can you increase your monthly income?
Several levers raise your monthly annuity income. Depositing a larger premium scales the payout proportionally. Buying at an older age increases the monthly check because the expected payout period is shorter. Choosing a life-only option pays the most, though it leaves nothing to heirs, while period-certain, joint, and refund options trade income for protection. Buying when interest rates are high, as they are near 15-year highs in mid-2026, also boosts payouts. Finally, comparing multiple carriers ensures you get the strongest rate available. A 1-800-MEDIGAP specialist can run each scenario so you see exactly how your choices change your monthly income.