Type Of Annuities

A variable annuity is a type of annuity that can rise or fall in value based on the performance of its underlying investment portfolio.

Type of annuities. There are various types of annuities available in the market and the most common ones are. I Annuity for Life. Fixed annuities offer a declared fixed interest rate that is guaranteed for a specific period and guaranteed to never go below a specific percentage.

Types of Annuities. Annuities come in many variations including fixed variable indexed and immediate. Under this the yearly payment starts from a particular date and continues until the remainder period of the annuitants life.

An example best illustrates this characteristic. Annuities suppose that you put money in the account on a routine basis every month quarter year etc and let it remain to earn interest. Fixed Annuities are the traditional form of annuities.

Payments of an annuity-due are made at the beginning of payment periods so a payment is made immediately on issueter. Types of annuities in India includes immediate annuity variable annuity Deferred Fixed and lump-sum annuity. This is the basic original type of annuity.

Annuities are applicable when you are saving money. Lets explore these characteristics first after which we will discuss the different annuity types. Variable annuities are regulated by state insurance departments and the federal Securities and Exchange Commission.

Variable Universal Life Insurance. There are 2 types of fixed annuities traditional fixed and Multi-Year Guarantee Annuity MYGA. An equity-indexed annuity is a type of fixed annuity but looks like a hybrid.