Annuity Companies
Annuity companies are not separate entities that exist by themselves in our financial economy. They are actually insurance companies. If you see a company with annuities in their name, you can be sure it is an insurance company. Read More…
Annuity Funds
Annuity funds are nothing more than either money invested into an annuity or money received from an annuity. The difference is the time period at which you are at with the annuity. If you are just opening an annuity, these are funds that will be invested by you. If you already have an annuity, these are funds that will be received by you at some future period of time. Read More…
Split Annuity
A split annuity is a strategy and not an actual annuity. While a split annuity is a combination of two annuities, it by itself is not an annuity. That may sound like a bit of double speak until you understand its components. The first component is a single premium immediate annuity that pays the owner of the split annuity an immediate monthly income. This is the income portion of a split annuity.Read More…
Annuity Information
Annuities come in all sorts of shapes, sizes, types and classifications. Depending on where you have the assets invested when your payments begin, and method of premium payment, annuities have various benefits. For instance, fixed annuities assure a specified rate of interest for a certain period of time, while variable annuities offer a greater opportunity for growth, but then, the risk involved is also high. More Annuity Information…
Annuity Definition
Annuity definition, in relative terms, comes from the field of finance theory. Since all financial transactions are theoretical in nature until they actually happen this makes sense. Whether or not the transaction is profitable or successful is not part of this discussion. Read More…
Annuity Purchase
An annuity purchase is like any other purchase except when an annuity is generally for the long term. An annuity is used to accumulate money for a future time when you will want an income on a regular basis. Read More…
Variable Annuity
A variable annuity is an annuity in the truest definition of annuity. The particular make-up of a variable annuity is what sets it apart from other annuities. Read More…
Annuity Products
Annuity products are regulated by three levels of government. The federal government regulates variable annuities through the Securities and Exchange Commission and the Financial Industry Regulatory Authority, Inc. The state governments regulate annuities through their respective Insurance Department. All annuities have to comply with the Internal Revenue Code. Read More…
How To Compare Annuities
Annuities come in three flavors, fixed, variable and index. With a fixed annuity, the insurance company guarantees the rate of return at the time you purchase your annuity. A fixed annuity also grows at a secure rate for as long as you own the contract. The interest paid is tax deferred meaning you don’t have to declare it on your yearly tax return. Read More…
Annuities Explained
Annuities are sometimes difficult to understand especially if you are not a finance oriented person. Hence, the simple explanation of annuities is that they are term deposits with insurance companies. The industry started with two types of annuities, fixed and variable then added an index annuity. The nice thing about all three types is they have a lot in common so it makes them easier to understand. Read More…