0
You need to decide what type of annuity you want to purchase a fixed annuity are for the conservative investor the rate of return is lower. With a variable annuity gives choices of where to invest and amount of payment. A finical advisory will be very helpful to the decision process.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
How does one purchase annuity?
To purchase an annuity you need to go to an insurance or investment broker. They can be found at SunLife and ManuLife. The minimum annuity cost is $3,500.
What is the annuity type called that guarantees to pay out an income equal to the purchase price of the annuity?
Refund Life Annuity
What is one of the following annuities can individuals choose to invest purchase payments from a range of investment options which are typically mutual funds?
variable annuity
Is pure endowment an annuity?
Yes. A pure endowment is a one-payment annuity.
Where can the best annuity rates be found online?
There are many websites where one can find annuity rates. Some of these include Annuity FYI, Fidelity, USInsuranceOnline, and Annuity Rates Instantly.
How does one purchase annuity?
To purchase an annuity you need to go to an insurance or investment broker. They can be found at SunLife and ManuLife. The minimum annuity cost is $3,500.
What is the annuity type called that guarantees to pay out an income equal to the purchase price of the annuity?
Refund Life Annuity
Why exactly would one buy an annuity?
One purchases an annuity by depositing money, which guarantees a return of regular, fixed payments for a fixed period of time or one's lifetime. One might purchase an annuity so as to receive a payout that is not subject to income or capital gains taxes.
How do you use the word annuity in a sentence?
This how u put in sentences: Do I have to purchase an annuity at age 75?
How does one go about buying annuity?
Buying an annuity can be done through a bank or through a private individual that owns one of these annuities. Simply put, a person simply needs to find one they can afford and then make a purchase.
What insurance company should I purchase an annuity variable from?
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.
Are the contributions to an annuity tax deferred?
No. The money payments to a annuity plan when you purchase the annuity plan the amount that you pay for the plan is not tax deferred. The amount is after income tax funds. The earnings that go on inside of the annuity plan will be tax deferred until the time that you start taking distributions from the annuity plan.
Do you need to be part of a special class in order to purchase a Vanguard Variable Annuity?
You do not need to be a part of any special class or group to purchase from Vanguard Variable Annuity. They do offer programs for certain groups, but it is not exclusive.
What is one of the following annuities can individuals choose to invest purchase payments from a range of investment options which are typically mutual funds?
variable annuity
What is the meaning of annuity guaranteed for 5 years and for life thereafter?
Currently the following options are available under LIC's immediate annuities:1. Annuity for life: The annuity is paid to the life assured as long as he/she is alive.2. Annuity Guaranteed for certain periods: The annuity is paid to the life assured for periods of 5 or 10 or 15 or 20 years as chosen by him/her, whether or not he/she survivesthat period. After the chosen period, the annuity is paid to the life assured as long as he/she is alive.3. Annuity with return of purchase price on death: The annuity is paid to the life assured as long as he/she is alive. On the death of the life assured, the purchase price of the annuity is paid as death benefit. The purchase price includes the Sum Assured under the Basic Plan, the accrued Guaranteed Additions and any accrued bonuses, excluding the commuted value, if any.
Where can I find a great immediate annuity calculator?
YOu can go to the folllowing website to get a great immediate annuity calculator to help you with your new home purchase http://www.immediateannuities.com/
Which type of annuity pays an amount per year to you and your spouse until the last one dies?
A joint annuity with a survivors benefit. However you purchase the joint annuity first. The payout procedure doesn't actually take affect until you would decide to annuitize the annuity. This is beneficial because if the first spouse passes away before the annuity is annuitized (set up for lifetime payments) the living spouse has the ability to receive it as a single payout annuity giving them a larger payment each month.
