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What does 'annuity' mean?

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-noun, plural -ties. 1. a specified income payable at stated intervals for a fixed or a contingent period, often for the recipient's life, in consideration of a stipulated premium paid either in prior installment payments or in a single payment. 2. the right to receive such an income, or the duty to make such a payment or payments.
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Is your Roth fixed deferred annuity an indexed annuity?

No, unless it states it is an indexed annuity. If it just states  that it is a fixed deferred annuity, then No. Deferred means that  no taxes are paid until funds are remove

What is the difference between a qualify annuity and non qualifying annuity?

  You mean qualified. It refers to the tax status of the funds inside it. If funds are qualified that is IRS/investment lingo for pre tax money, such as money in a 401K, I

How do annuities work?

Annuities are similar to a CD except that insurance companies almost always pay better rates of interest than banks. Annuities also grow tax deferred. You choose when to pay t

What is the defference between ordinary annuity and annuity due?

  In an ordinary annuity, the payments are fed into the investment at the END of the year. In an annuity due, the payments are made at the BEGINNING of the year. Therefore

Differentiate between ordinary annuity and annuity due?

  In an ordinary annuity, the annuity payments are fed into the investment at the END of the year. In an annuity due, the payments are made at the BEGINNING of the year. T

How can you surrender your knights of Columbus annuity?

Was not too hard for me to do it. There are probably several ways, this is what I did: First, call a local Knights of Columbus insurance agent. Don't know where? Go to their w

How is your Annuity insured?

Usually it is backed by the financial strength of the issuing insuance company. Answer 2 But more usually government bonds are bought to cover the payments to be made by th

Can you draw annuity?

I assume you mean draw on annuity early. Depends on the type annuity. If deposit type ...yes. If deferred payout annuity...no, (like a pension) not until you reach a certain a

Are the contributions to an annuity tax deferred?

No. The money payments to a annuity plan when you purchase the annuity plan the amount that you pay for the plan is not tax deferred. The amount is after income tax funds. The

After death can beneficiaries liquidate annuities?

The only person who can deal with the estate is the deceased's executor. However, if the decedent arranged for an annuity to pass to a named beneficiary on death the proceed

How TO borrow money from AN annuity?

To understand the consequences of borrowing from a deferred annuity (one in which annuity payments are not scheduled to commence within one year of issue), one needs to know i

What is annuity?

Technically, the term "annuity" means "a series of payments over time, where the original investment and interest will be distributed over the annuity payout period". However,