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Many annuity companies have relatively low minimum premiums, often as low as $2,500 to $5,000 for some types of fixed annuities and around $10,000 to $15,000 for variable annuities.
2. Variable annuity. A variable annuity allows you to get a payout that may grow over time by investing your money in various mutual funds or other funds that hold stocks, bonds and other assets ...
Fixed annuity Fixed annuities are contracts with insurance companies that offer a fixed interest rate for a specified period. For example, you may earn a guaranteed 5% for leaving your money in ...
These annuities also limit market losses. Variable annuities: Returns depend on the performance of underlying investments (such as stocks and mutual funds), allowing for growth but also exposing ...
VALIC ranks in the top 10 of all U.S. and Canadian life insurance companies, [1] based on more than $329 billion in total customer assets under management as of December 31, 2022. The company is a Premier Partner of the Compliance and Ethics Forum for Life Insurers (CEFLI) (formerly Insurance Marketplace Standards Association (IMSA)). [2]
The main purpose of an annuity is to remove longevity risk for retirees, meaning you don’t have to worry about outliving your retirement savings. This is an especially important consideration ...
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