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.
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.
At its core, a variable annuity is designed to provide a steady stream of income during retirement. But these financial products are more complex, costlier and riskier than other types of ...
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 ...
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).
It was passed as a United States Public Law (Pub. L. 76–768) on August 22, 1940, and is codified at 15 U.S.C. §§ 80a-1–80a-64. Along with the Securities Exchange Act of 1934 , the Investment Advisers Act of 1940 , and extensive rules issued by the U.S. Securities and Exchange Commission ; it is central to financial regulation in the ...
800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. ... Variable: A variable annuity allows you to put your money into various investments, often mutual funds. What the annuity returns ...