Yes. ALL deferred annuities offer a guaranteed minimum interest crediting rate (although in a few contracts, that rate is zero). And all non-variable immediate annuities calculate the annuity payments using an assumed interest rate, so one could say that that rate is actually "guaranteed" (as the payments are).
Some deferred annuities will accept only a single premium, and they're called "single premium annuities". Others will accept recurring premiums and are usually called "flexible premium annuities. Immediate annuities typically do not permit recurring premiums.
fixed annuity
To purchase an annuity you need to go to an insurance or investment broker. They can be found at SunLife and ManuLife. The minimum annuity cost is $3,500.
A Transamerica Variable Annuity is a fixed system of payment, based on a minimum monthly payment, that ensures payment to individuals during and after retirement.
A Transamerica Variable Annuity is a fixed system of payment, based on a minimum monthly payment, that ensures payment to individuals during and after retirement.
To compare a home loan you have to consider the fixed interest rate, the floating interest rate, flexible home loans, minimum loan terms, maximum loan terms, repayment frequency and monthly fees.
fixed annuity
Fixed Annuity Calculator A Fixed Annuity can provide a very secure, tax-deferred investment. It can provide a guaranteed minimum interest rate, with no taxes due on any earnings until they are withdrawn from the account. Use this calculator to help you determine how a Fixed Annuity might fit into your retirement plan.
A Fixed Annuity can provide a very secure, tax deferred investment. It can provide a guaranteed minimum interest rate, with no taxes due on any earnings until they are withdrawn from the account. Use this annuity calculator to help you determine how a Fixed Annuity might fit into your retirement plan.
Assuming that "annuity rate" means the rate of interest paid on a deferred annuity, the answer depends upon whether the annuity is a VARIABLE one or not. The contract value of a VARIABLE deferred annuity is tied to the investment performance of the separate accounts chosen by the purchaser. These accounts are much like mutual funds, and their value will fluctuate, often daily. In a VARIABLE deferred annuity, there is no guarantee of principal or minimum interest (unless you've invested in the "fixed" account).In a non-variable annuity, often called a FIXED annuity, principal, and a minimum rate of interest is guaranteed. In addition to that minimum rate of return, most deferred annuities offer additional, non-guaranteed, interest. There are two types of fixed annuities: (a) "Declared Rate" and (b) "Indexed".Declared rate deferred annuities generally declare the current, non-guaranteed interest rate each year. Index annuities may declare and credit interest each year or retroactively, after several years.For more information, see Olsen & Kitces,"The Advisor's Guide to Annuities" (3rd ed.,2012, National Underwriter Co.) or "Olsen & Marrion, "Index Annuities: A Suitable Approach" (Olsen & Marrion LLC, 2011).
To purchase an annuity you need to go to an insurance or investment broker. They can be found at SunLife and ManuLife. The minimum annuity cost is $3,500.
I found different sites with definitions for annuity variables. Investopedia states that an annuity variable is, "an insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio." (http://www.investopedia.com/terms/v/variableannuity.asp#axzz1bw9FbZ8G)
A Transamerica Variable Annuity is a fixed system of payment, based on a minimum monthly payment, that ensures payment to individuals during and after retirement.
The guarantee of earning a minimum interest rate on an investment by an insurance company can vary depending on the specific policies and products offered. In some cases, individuals may be guaranteed a minimum interest rate when investing in certain types of annuities or guaranteed investment contracts (GICs). However, it is important to carefully review the terms and conditions of the specific insurance product to understand the guarantees and limitations.
A Transamerica Variable Annuity is a fixed system of payment, based on a minimum monthly payment, that ensures payment to individuals during and after retirement.
To compare a home loan you have to consider the fixed interest rate, the floating interest rate, flexible home loans, minimum loan terms, maximum loan terms, repayment frequency and monthly fees.
it's 30 days
No legal minimum...it all is reportable