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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.
When shopping for an annuity, look for companies with high ratings from reputable rating agencies such as A.M. Best, Moody’s and Standard & Poor’s. ... Variable annuities allow for more growth ...
Fees: The fees associated with a variable annuity are higher than most annuities — and even other financial products — due to the underlying investments and more intricate contracts. You might ...
In 2023, sales of variable annuities dropped 17 percent, even as sales of fixed annuities soared, according to LIMRA, the largest U.S. trade association for the insurance industry.
The Variable Annuity Life Insurance Company, or VALIC, a subsidiary of Corebridge Financial, Inc., (CRBG), is an insurance corporation that specializes in tax-qualified retirement plans, supplemental tax-deferred and after-tax investments. VALIC's headquarters are in Houston, Texas.
If you ask 10 different financial advisors, there is a 100% chance you’ll get 10 different answers. This is evidence that you have plenty of options, including two popular choices like annuities ...
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