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What is a flexible variable annuity?
No load variable annuities tend to sound very appealing to buyers. They do not have any backend charges and fees (such as up front commissions). However, there are likely to s…till be charges in some form, such as a handling fee and charges from a loaded annuity are still present, but not up front. These annuities lack living benefits, however they do hold death benefits. In contrast, both are the same, but no-loads hold death, not living benefits.
Fees are higher in a Variable annuity than they are in say a fixed Index Annuity.
Generally, when an insurance company goes bankrupt, the guarantees that are being offered on the contract are gone. For instance, if you have a death benefit, or a income guar…antee, those will usually be lost. As for the money you've invested in the variable annuity, if your money is invested in the sub-accounts (the various investments that are usually managed by mutual fund management whose names you will usually recognize), that money is still being managed by those companies, and is separate from the now bankrupt insurance company. That is the long way of saying, your money in the sub accounts is safe. However, if you have money in the fixed interest account, that is usually held by the insurance company, and that money may be in jeopardy.
You can surrender the policy at anytime, you may have to pay a surrender charge if you're taking it out early.
A variable annuity is beneficial in an economy such as ours now. That way, when interest rates rise (however many years that will take), your annuity will also be at a higher …rate.
A variable deferred annuity is an annuity that is variable and deferred. What this means to you is that being variable it is associated with the risks of the markets that the …money is invested into. There is no guarantee to interest or principle, which may be volatile in a low market. Deferred means that it grows tax deferred whereas no taxes are paid by you until you start receiving payments from the annuity. The tax will be on the growth of the product and not what you placed in as principle. Please remember though growth is not guaranteed with a variable product.
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.
Its a Universal life insurance Policy.
A Vanguard variable annuity does seem be a good investment in the current market. As with any investment, there are no guarantees of profitable returns.
They are both good invesment instruments when used for the right purposes. Both are insurance policy contracts with distinctive features and differences.
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 calcu…late 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.
According to www.retireright.co.uk, anyone who has some form of retirement income which is capable of being paid out in a lump sum can have an an annuity. Think of an an…nuity as swapping your pension for a consistent, usually-monthly, payment of money for your post-work life.
Ing variable annuity helps make life investments by creating a contract with you for long term investing. Your money might fluctuate with the market changes but it is meant fo…r retirement saving.
In John Hancock
There are two types of annuities at John Hancock Annuities Qualified annuity doesn't provide any additional tax advantages Non-qualified annuity avoids income tax fees unt…il distributions are made.
In most cases a variable annuity with have an insurance fee and an annual (but perhaps broken down monthly) management fee on the accounts and subaccounts that your funds are …invested into. Depending on the company you deal with the cost of these fees will vary and there may be additional fees added.