Annuity 101

Our 101-level guide will show you how these insurance products allow you to transfer your risk of outliving your retirement savings to the insurance company freeing you from the financial stresses that plague more.

Annuity 101. Lately as the world focuses on market fluctuations and people look for security among their financial options you might hear the word annuity being used a lot. An annuity is a financial product sold usually by insurance companies to people who wish to make sure that they are going to have enough money to last them for the rest of their lives. A two-tier annuity is a tax-deferred fixed indexed contract where you invest money upfront grow your investment during the accumulation period and you annuitize your future contract values into an irrevocable guaranteed income stream.

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Content of this website is for professional insurance agent use only. Understanding what defines annuities how the different types of annuities work and how annuity rates are determined can help you decide if an annuity. And youll receive these repeating payments for the remainder of your lifetime.

An annuity is simply a series of payments that are made at equal periods. What are the different types of annuities. What Is an Annuity.

For instance when it pays out youll receive a deposit on the first of each month. The reason for this is because annuities are investments that entitles the holder to equal annual payments. Are annuities good investments and if so for whom and under what conditions.

But what is an annuity and how does it function. There may be many variables involved but a good foundation of knowledge will help you make the best choice. This insurance against living long is the mirror image of life insurance which ensures that your dependents are financially compensated upon your death.