Search results
Results from the WOW.Com Content Network
800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. ... usually lasting only 10 days after receiving your contract in most states. Variable annuities are regulated at the federal level.
In the United States, an annuity is a financial product which offers tax-deferred growth and which usually offers benefits such as an income for life. Typically these are offered as structured products that each state approves and regulates in which case they are designed using a mortality table and mainly guaranteed by a life insurer.
Selling variable annuities demands a comprehensive understanding of the product. And depending on the type of annuity, you may need to get a state insurance license, in addition to a Series 6 or ...
In the United States, fixed annuities are not regulated by the Securities and Exchange Commission. [citation needed] Variable annuities – Registered products that are regulated by the SEC in the United States of America. They allow direct investment into various funds that are specially created for Variable annuities.
Unlike traditional fixed annuities that offer a set rate of return, the value of a variable annuity is linked to the performance of underlying investments. You’ll pick from a menu of sub ...
An immediate retirement annuity is an annuity that is purchased in a single lump sum, and payments on it begin immediately (30 days to 12 months), after the entry into force of the contract (there is no accumulation phase). An immediate annuity is good for turning a large amount of money into a source of permanent income (some kind of pension).
Deferred annuities can also be fixed, variable or index. Since they have more time to grow, your monthly payments tend to be higher than immediate annuities. For example, a 60-year-old putting ...
Indexed annuities are a type of fixed annuity which are regulated and distributed in the same manner as fixed annuities (through licensed insurance agents). Indexed annuities are a conservative safe money place for retirement dollars. [4] Indexed annuities usually provide a purchaser with various options for interest crediting.