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.
vairable Variable
variable
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.
Yes, an annuity can potentially result in a loss of funds if the investments underlying the annuity perform poorly or if the fees associated with the annuity are high.
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.
Variable annuities are tax deferred investment accounts similar to mutual funds. Variable annuity IRAs use money in your IRA account to fund the principal for the investment, but keep in mind that IRAs are already tax-deferred. You can find unbiased information on variable annuities and variable annuity IRAs through FINRA. http://www.finra.org/Investors/ProtectYourself/InvestorAlerts/AnnuitiesAndInsurance/p005976