What Is an Income or Immediate-Annuity? The immediate annuity is an insurance product. An immediate annuity is funded with a first time payment and then the policy begins making monthly payouts. Your annuity can be funded by several methods. The money could come from savings, retirement accounts, real estate or other sources of funds that … Read more
What You Need to Know About Inherited Annuity Options An inherited annuity is an annuity that has been purchased by someone other than you, such as your spouse or child. The reason that the annuity is being passed on to you is because it has a death benefit that can be used for your funeral … Read more
Fixed Annuities A fixed annuity is an investment product that pays out a regular income. The amount of the income can be adjusted each year and it is guaranteed for life. There are two types of fixed annuities: immediate and deferred. Immediate annuities begin paying the investor the first day they are purchased, while deferred … Read more
The index annuity has several moving parts which can have an effect on the return. It is important for the owner to understand these parts, how they move and the effect they can have on an annuity. The moving parts consists of caps, asset fees, participation rates and methods of interest crediting. 1. Caps The cap is … Read more