Income Annuity
An income annuity is exactly what its name describes. These annuities turn some, or all, of your savings into a payment stream. The payment stream is almost always a monthly check. Obviously the amount you put in and how long you want the payments to last dictates the size of the monthly payments. 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…
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 Investments
Basically all you do is invest a single or series of payments into the annuity investment. The company, in return, will pay you an income that starts on a specific date and lasts for a specific term. Read More…
Annuities Pros And Cons
Given this is true what are the pros and cons of annuities? First, if a person is looking for a lifetime income, an immediate annuity contract is their ticket to that income. Immediate annuities guarantee periodic payments to the annuitant for as long as they live. Read More…
Bonus Annuities
Annuities have been a viable product since the 1600’s when they were created. In the ensuing 400 years, annuities have undergone a number of changes. The latest addition to the family of annuities is called a Bonus Annuity. As the name implies, this is an annuity that pays a bonus. Read More…
No matter the number, i.e. 5%, 6%, 7% or whatever, the contract dictates how the money will be applied to the contract. Because interest rates change over time, the insurance company will guarantee their rates for only a specific period of time. Read More…
Annuities are meant to be long term investments to meet retirement needs or other long range goals. This is one reason why annuities can prove to be a valuable element in funding retirement plans. Read More…
Income annuities are just that. Annuities providing the contract owner, commonly called annuitant, monthly income. As it turns out, income annuities are also called ‘single premium immediate annuities’, ‘immediate annuities’ or ‘payout annuities’. Read More…