You either contact the agent that sold it to you or call the claims department of the company that holds the annuity and have a discussion with them on what you would like to do.
That would depend on how much the annuity pays out. The regulators calculate your income sources and will apportion a payout of U.I. if your income falls within the allowable amount.
There isn't a real difference between life annuity and an insurance annuity. Both are a form of life insurance and deal with the same issues. I would go with either one.
Yes an annuity is a life insurance product. Its kind of like the opposite of life insurance.
A fixed income annuity is a type of insurance contract where the insurance company makes payments of a preassigned amount to the holder of the annuity, the annuitant.
A fixed income annuity is a type of insurance contract where the insurance company makes payments of a preassigned amount to the holder of the annuity, the annuitant.
Variable annuity insurance is insurance that has a variable year to year and it can change upon facts that change such as your base description of how you manage your life.
To get variable annuity life insurance speak to you local insurance company. A lot of insurance companies now offer many types of insurance; car, life, renter's, etc. Metlife, Pacific Life, Mutual, and many others are examples of where you can get variable annuity life insurance.
An insurance annuity is a financial product in the form of an insurance product according to which a seller makes a series of future payments to a buyer in exchange for the immediate payment of a lump sum or a series of regular payments prior to the onset of annuity.
annuity
An Annuity
an individual who buys an annuity pays the insurance company a sum of money and, in return, will receive a monthly income for as long as the purchaser lives.
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.