Income yield in Annuties

I know that income yield increases as you age, but what does it mean? does it mean that a 70 year old will get more payment/return from the insurance company that a 40 year old in good shape?

The income yield get quoted will depebd on your age.
You are 85 and ask for full life annuity Insurance compnay think you will die soona dn offer high yield
You are 20 and ask they they will give you lower amount.

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As the starting age of the annuitant increases, so does the periodic payment. Whoever has a high probability of survival gets a lower periodic payment.

gotcha, thanks!

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