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Buying an annuity can be done through a bank or through a private individual that owns one of these annuities. Simply put, a person simply needs to find one they can afford and then make a purchase.
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∙ 10y ago
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Where might one find good advice about buying an annuity?
There are a number of good places to look for advice when buying an annuity. Some examples include your local branch bank, a financial planner or online investment forums.
Where can one learn about buying annuities?
One can learn about buying annuities from many different places. One of the best places to learn about annuities is the fisher investment annuity website.
How does one purchase 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.
Where can I go online to find out how to go about getting cash for an annuity?
One popular source to go about getting cash for an annuity is Peachtree Financial Settlement funding, located at www.peachtreefinancial.com. This site here is just one of many that will buy your annuity for cash http://www.annuitytransfers.com/whychooseannuitytransfers.html. They are trustwrothy and honest.
Can I transfer cash for a structured settlement into an annuity?
Many structured settlements are actually already in the form of an annuity. If for some reason they're not, it doesn't look like you could transfer them without using one of those cash-for-settlement companies and then buying an annuity with the payout.
What are the steps to buying an annuity?
To buy annuity, contact your existing pension provider and get a quote from them and other providers. Choose the best quote and fill out the annuity application form for the provider you choose.
Is there a difference between a life annuity and an insurance annuity?
There isn't a real difference between life annuity and an insurance annuity. Both are a form of life insurance and deal with the same issues. I would go with either one.
How does one go about calculating an annuity payment?
One goes about calculating an annuity payment in a number of ways. First, one must determine the type of annuity. Second, one must find the option for payout. Then, one must determine the other details about the annuity and finally, factor in how the payment will be working in relation to the time frame of payment.
What is meant by the term annuity lead?
The term "annuity lead" is used to describe someone who is interested in buying insurance coverage for their family, as well as themselves. The AnnuityEXEC website provides more information on annuity leads, and helps connect you with an advisor.
Is pure endowment an annuity?
Yes. A pure endowment is a one-payment annuity.
Where can one find information on pension annuity rates?
There are many places one might go to find information on pension annuity rates. In addition to a financial investment company website, one might also speak with a financial advisor.
Annuity loans are what type of loan exactly?
Annuity loans are when an annuity holder borrows money against the value of an annuity contract. It allows one to access funds without having to cash out their annuity immediately.
