First of all, annuities are a life insurance product. Second of all, annuities are complicated and difficult to understand. Let me see if I can help clear up the second issue, at least a little bit. But first, I’ll talk a little bit about the life insurance aspects of an annuity. A...
There are lots of different types of annuity to choose from. And some have benefit options available too. You can learn more in our ‘Types of annuity’ article. We only sell lifetime and enhanced annuities. What is an enhanced annuity? An enhanced annuity is an increased income that yo...
Find out more about how the right annuity could benefit you during retirement. Advantages of using an annuity for retirement planning So why would you want to consider an annuity for retirement planning? Here are a few key advantages: Guaranteed income stream With most types of annuities, especia...
How do you know which annuity rates you find on the internet are the best for what you have in mind as you plan your retirement?The answer is there's no way to compare the different annuity rates you find on the internet unless you understand the six main types of annuities these rates...
Unlike some forms of life insurance or other types of annuities, you are generally unable to revise or cash in the immediate annuity once the 10-day "free look" period has passed.You can fund your immediate annuity in a number of ways, including: ...
Annuities are popular with retirees because they can provide a stream of income for a certain period of time or even for the remainder of their lives. However, annuities often have high fees and can come with huge commissions for salespeople. Commission-free annuities may be a better choice, ...
Some research indicates the pink tax may not be as common as it was in the past. Women are also often charged more for financial services products, such as long-term care insurance and annuities, because of their longer lifespans. The pink tax refers to gender-based...
Fixed indexed and registered index-linked annuities are types of deferred annuities that can help with long-term saving goals. The returns of fixed indexed and registered index-linked annuities, as their names imply, are tied to stock market indexes. That may sound complicated, but if you've ...
Annuities are long-term contracts with an insurance company. You invest money, either as a lump sum or over time. In exchange, you get income in the form of regular payments. There are severaltypes of annuities: Immediate Annuity:Payments begin as soon as you fund the annuity. Deferred Annu...
Annuities are a type of insurance contract designed to turn your money into future income payments. You buy an annuity with either one lump sum payment or many payments over time.1You can set up the annuity with a growth period, where it builds your savings. The return depends on the type...