Annuity Def

The safety and security of an annuity give it a value that cant be measured in dollars and cents.

Annuity def. A deferred annuity is a contract with an insurance company that promises to pay the owner a regular income or a lump sum at some future date. Because money now is more valuable than money later. Investors often use deferred annuities to supplement.

The money you pay is allocated to an investment portfolio. Non-qualified annuity premiums are not. A right to receive periodic payments usually fixed in size for life or a term of years that is created by a contract or other legal documentThe most common form of an annuity is akin to a savings account.

An annuity is an insurance product designed to generate payments immediately or in the future to the annuity owner or a designated payee. The people who got your 20000 can invest it and earn interest or do other clever things to make more money. Qualified annuity premiums may be tax deductible.

He used 400000 to buy an annuity. Examples of annuities are regular deposits to a savings account monthly home mortgage payments monthly insurance payments and pension payments. A product offered by an insurance company or an employer to which one makes contribution s and immediately or later begins receiving payments which usually last the remainder of the annuitants life.

A variable annuity is a contract between you and an annuity provider usually an insurance company in which you purchase the ability to receive a stream of income for your life or a set period of time. An annuity is a fixed income over a period of time. An amount payable at regular intervals as yearly or quarterly for a certain or uncertain period.

An ordinary annuity is a series of equal payments made at the end of consecutive periods over a fixed length of time. An annuity is a series of payments made at equal intervals. A non-qualified annuity is purchased with after-tax dollars that were not from a tax-favored retirement plan.