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Each annuity is a contract between you and an insurance company: You provide the company money now, and they promise to pay you a steady income later, potentially for the rest of your life ...
An annuity is a contract issued by an insurance company that pays a stream of income for a specified period or often for the remaining life of the contract holder.
The Hartford is a Fortune 500 company headquartered in its namesake city of Hartford, Connecticut. [3] It was ranked 160th in Fortune 500 in the year of 2020. [4] The company's earnings are divided between property-and-casualty operations, group benefits and mutual funds.
A deferred annuity that permits allocations to stock or bond funds and for which the account value is not guaranteed to stay above the initial amount invested is called a variable annuity (VA). A new category of deferred annuity, called the fixed indexed annuity (FIA) emerged in 1995 (originally called an Equity-Indexed Annuity). [5]
The rating of the insurance company offering the annuity. Monthly payments for a 55-year-old with a single-life income annuity will be lower than those for a 70-year-old with the same product ...
Headquarters of American division Great-West Life & Annuity Insurance Company, Greenwood Village, Colorado Great West Life & Annuity Insurance Company is a company that provides individuals and businesses in all of the USA's states with life insurance, retirement benefits (which are paid for by employers) and annuities distributed by its own brokers and institutions.
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