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Annuities are a tool that can create reliable retirement income that can last as long as you do. Each annuity is a contract between you and an insurance company: You provide the company money now ...
FAQ on Annuities. Here are the answers to some commonly asked questions about annuities: What is an annuity in simple terms? An annuity is a financial product that provides a stream of payments in ...
The payments (deposits) may be made weekly, monthly, quarterly, yearly, or at any other regular interval of time. Annuities may be calculated by mathematical functions known as "annuity functions". An annuity which provides for payments for the remainder of a person's lifetime is a life annuity. An annuity which continues indefinitely is a ...
You may purchase an annuity by depositing a lump sum or by funding the contract over time with a series of premium payments. The annuity will pay out over whatever period is specified in the contract.
An annuity is an especially good option for those who are approaching retirement age, are expected to live a long time, and have a decent nest egg saved up. It might not be a great fit if you don ...
Fixed annuities: These earn a guaranteed rate of return based on an interest rate set by the insurance company. Variable annuities: These allow you to invest in a selection of sub-accounts, which ...
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