0
What else can I help you with?
What is an annuity settlement?
An annuity settlement is a payment to an individual for a settlement, typically from an insurance claim. It's basically any type of settlement for legal suit or other such cases.
Can a ex wife be in titled to annuity?
Only if the annuity was addressed in the divorce settlement.
Will you earn a higher interest rate with a variable annuity than with a fixed annuity?
Yes, you do earn a higher interest rate with a variable annuity than with a fixed annuity. It depends on what kind of interest rate you have at the moment.
What exactly is an annuity settlement?
An annuity settlement is a financial or insurance arrangement where the insured party receives periodic payments from the accused. The accused may then transfer their periodic payment responsibilities to an organized settlement organization.
What is a Structured Settlement Annuity?
Structure settlement annuities are a type of annuity a defendant purchases in a personal injury law suit to pay the injury victim. The payments are free from tax.
How does a structured settlement annuity work?
A structured settlement annuity is an agreement between a company and an individual. The company has the obligation to pay a predetermined amount of money to the individual over a stated timeline.
Do annuity rates remain steady or are they variable?
This actually depends on the annuity. A "fixed" annuity always gets you the same rate, while the rate of a "variable" annuity is indexed to some other rate, usually the federal prime rate. Rates are variable over the long term. It is possible to lock a steady rate in but it costs more to do so.
What type of annuity pays you a flat interest rate?
A tax deferred fixed annuity pays a flat interest rate.
What is an immediate annuity rate?
An immediate annuity is an annuity that begins making payments to you shortly after you deposit your money. The rate of interest you earn on this depends on age, payment options, and other factors.
Can I transfer cash for a structured settlement into an annuity?
Many structured settlements are actually already in the form of an annuity. If for some reason they're not, it doesn't look like you could transfer them without using one of those cash-for-settlement companies and then buying an annuity with the payout.
What are the best annuity rates?
Annuity rates are a tricky topic. Annuity rates have been fluctuating the past few years. Ever since the recession hit, the annuity rates have been rising and there is hope that will continue to. Based on the current market , an annuity rate that is between 8% and 15% is considered a good annuity rate.
What percentage of money is lost when someone opts for an annuity settlement?
People lose about $100,000 each year by annuity settlements, so don't get a settlement or you will lose your money and you don't want to lose your money do you?
