Working with an accountant who is intimately familiar with tax law is the best way to determine inexpensive ways to get a variable annuity. Another option is talking directly with your insurance provides to see what programs they have.
A variable annuity of funds allows for you to invest funds with an insurance company. When you invest your funds, you are able to pick which investments you would like your funds to go into.
A variable annuity typically utilizes mutual funds. In this type of annuity, the policyholder can choose from a range of investment options, including mutual funds, to determine how their premiums are invested. The returns on a variable annuity can fluctuate based on the performance of the selected investments, making it a riskier option compared to fixed annuities.
vairable Variable
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The type of annuity that utilizes mutual funds is known as a variable annuity. In a variable annuity, the policyholder can allocate their premiums among various investment options, typically mutual funds, which allows for potential growth based on market performance. The returns can vary depending on the performance of the selected investments, making it different from fixed annuities that offer guaranteed payments. Variable annuities also often include features like death benefits and living benefits, which can add to their complexity.
I found different sites with definitions for annuity variables. Investopedia states that an annuity variable 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." (http://www.investopedia.com/terms/v/variableannuity.asp#axzz1bw9FbZ8G)
Met Life offers variable annuity funds. You may want to visit the official Met Life website for more information or for their contact information. www.metlife.com
Deferred annuities are either fixed or variable. A deferred annuity is where one deposits funds with an annuity company. Taxes on any financial gains made by your investments are deferred until you withdraw your funds.
variable annuity
Variable Annuity Calculator Contributing to a Variable Annuity creates long term tax-deferred growth. Use this calculator to see how a Variable Annuity might fit into your retirement plan.
Fees are higher in a Variable annuity than they are in say a fixed Index Annuity.
The best way, in my opinion to consider what insurance company to purchase an annuity variable from, is to find a policy that best suits me. Does it offer death benefits? Is it tax-free? And am I at the appropriate age to get an annuity variable without being taxed. You also want to consider whether you want short or long term annuity.