There are many types of fixed annuities and they may all vary. In general an annuity is a contract between you and an insurance company. You agree to put funds into the annuity and they guarantee that your funds will grow at a certain rate, as determined usually yearly, for a certain period of time. Once that time passes and when you are ready to withdraw your funds plus any growth the insurance company agrees to pay you that amount of money either in a lump sum, systematic withdrawals, or over a period of time or for your lifetime.
How safe is TSA 403 (b) Fixed annuity? Is TSA 403 (b) Fixed annuity insured ?
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.
Fees are higher in a Variable annuity than they are in say a fixed Index Annuity.
fixed annuity rates effective from 4-15-09 can be found at http://www.rasberryagency.com/images/MofORates.pdf
No, you annuity payment should have been fixed up front.
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.
How safe is TSA 403 (b) Fixed annuity? Is TSA 403 (b) Fixed annuity insured ?
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.
It is as safe as AIG is. No fixed annuity has ever lost any money, but bottom line, AIG backs the 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.
Fixed Annuity Calculator A Fixed Annuity can provide a very secure, tax-deferred investment. It can provide a guaranteed minimum interest rate, with no taxes due on any earnings until they are withdrawn from the account. Use this calculator to help you determine how a Fixed Annuity might fit into your retirement plan.
Fees are higher in a Variable annuity than they are in say a fixed Index Annuity.
A fixed annuity is an annuity that pays a fixed amount of interest, defined by the terms of the contract. It is comprised of the money that you put in and the interest the insurance company provides in exchange.
If you would rather have a slower, but more stable growth then annuity fixed is for you. Fixed annuities also offer tax-deferral which increases the speed your money grows.
fixed annuity rates effective from 4-15-09 can be found at http://www.rasberryagency.com/images/MofORates.pdf
Annuity Unit is fixed sum payable to the Annuitant under the options offered and chosen by him.
Market value along with a guaranteed death benefit rider if it was written into the contract. If it's a fixed annuity it can be calculated by the predetermined fixed rate.