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Insurance is not always necessary; it is always a good idea to have, though, because no one really can predict the future.
Because annuities are contracts with insurance companies, they aren't FDIC-insured like savings accounts. The best insurance for an annuity plan is to pick a reputable insurance company to issue the annuity.
What else can I help you with?
What are three types of insurance annuities?
Three types of Insurance Annuities are variable annuities, fixed annuities and indexed annuities.
how can I find out about fixed annuities?
Most insurance companies sell annuities which are usually associated with them. Fidelity.com is one site where you can learn about annuities. While these are safe investments they aren't really considered high yielding.
What are the different types of annuities available in insurance?
The different types of annuities available in insurance are fixed annuities, variable annuities, and indexed annuities. Fixed annuities offer a guaranteed interest rate, variable annuities allow for investment in various funds, and indexed annuities provide returns based on the performance of a specific index.
Do you need a license to sell indexed annuities?
Yes, you need a license to sell indexed annuities. You also have to carry errors and omissions insurance and maintain a certain number of continuing education credits.
Does my bank offer any insurance on my annuities?
Most banks offer some sort of insurance on annuities, often at a yearly fee.
Can you sell fixed annuities yourself?
You can sell fixed annuities if you have a life insurance license.
Where might one find information regarding life insurance annuities?
One might find information regarding life insurance annuities online at various websites. One can find information about life insurance annuities at insurance company websites such as Nationwide and MetLife.
Do you need a series 6 or series 7 to sell fixed annuities?
no, just a life insurance license
Where can someone find detailed information to have annuities explained to them?
One can find detailed information on annuities explained to them through a life insurance representative. MetLife has extensive information on annuities as does Sun Life Insurance.
What are the best ways to gain the benefits of using insurance annuities?
Insurance annuities is like investing towards your future. There are many different types of annuities, you should choose one that meets your financial situation.
Are annuities covered by any government insurance?
No
Are insurance company annuities safe?
Yes
