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The company sold more fixed index annuities than any other provider in 2023, with over $1.1 billion in sales, according to a ranking by LIMRA, the largest life insurance trade association in the U.S.
But annuities have several pros and cons to consider before investing your retirement funds there. How an annuity works When you purchase an annuity , you hand over a lump sum of money or a series ...
Annuities are like any other investment in that they have both pros and cons. Here’s a rundown: Pros. Contributions are tax-deferred. With an annuity, you won’t owe taxes on the money until ...
Fixed indexed annuity. With an indexed annuity, your investment tracks the rate of return on an index such as the S&P 500, which contains the stocks of hundreds of America’s top companies ...
Pros. Cons. Can provide money management assistance in retirement. Higher fees and commissions than other financial products or investments come with annuities.
If you’re looking for a wider range of annuity options, take a look at the best annuity companies that offer high customer satisfaction and credit ratings plus an array of products.
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