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A Variable Annuity 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.
Wiki User
∙ 10y ago
Wiki User
∙ 12y agoVariable annuities are basically a mutual contract between you and an insurance company. The contract consists of you making lump sum payments or a series of payments over time to the insurance company and in return they make payments to you in the near future.
Wiki User
∙ 12y agoA life insurance annuity contract which provides future payments to the holder (the annuitant), usually at retirement, the size of which depends on the performance of the portfolio's securities.
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Which of these is true of an annuity?
there are two types of annuities including fixed and variable
Which of these is true of an annuitys?
there are only two types of annuities including fixed and variable...
Which of these statements is true to an annuity?
There are three types annuities including fixed, indexed, and variable.
How often do annuity rates usually fluxuate?
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).
How often do fixed annuities pay?
Fixed annuities pay every year.
Where is the information on ING's website about variable annuities?
The direct link to ING variable annuities is http://ing.us/individuals/products-services/annuities/variable-annuities It is best to look into all forms of retirement planning.
What are variable annuities?
ING variable annuities are annuities offered by the company ING which have variable rates of return. This is in contrast to fixed annuities which offer some sort of guaranteed rate of return over the life of the contract.
What are ING variable annuities?
ING variable annuities are annuities offered by the company ING which have variable rates of return. This is in contrast to fixed annuities which offer some sort of guaranteed rate of return over the life of the contract.
What are three types of insurance annuities?
Three types of Insurance Annuities are variable annuities, fixed annuities and indexed annuities.
Are there annuities symbols for portfolios?
Annuities themselves do not have symbols, however, for variable annuities, the stocks that the money is invested in within the variable contract would have the symbols associated with those companies.
Are there any third party brokers who provide ing variable annuities?
Yes there are many third party brokers who are willing to provide ING variable annuities. Third party brokers are the most common at providing ING variable annuities.
Which agency regulates Variable Annuities?
FDIC
What are the types of annuities offered by Nationwide?
Nationwide offers the following annuities: Variable annuities, immediate annuities, fixed annuities and fixed indexed. For more information one should contact Nationwide.
How beneficial is a transamerica variable annuity?
Transamerica variable annuities are some of the most common available from this company. Transamerica does offer fixed annuities as well, though they offer.The Transamerica family of companies is your resource for fixed and variable annuities, mutual funds, and life insurance
What products require a securities license?
Variable annuities
Are there any annuities backed by fdic?
No. But most variable annuities and fixed deffered annuities are backed by the State Gurantee Association, which is a government agency similar to the fdic
What is a no load variable annuities?
No-load variable annuities does not require investors to pay commission, although they may be charged many other fees. This concept is related to no-load investment.
