How does one purchase annuity?

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2013-06-28 16:06:47

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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.

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2013-06-28 16:06:47
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Managers for which type of job use a percentage to figure the wages of an employee

Which type of insurance is sometimes used to guarantee the payment of a mortgage in case the insured dies

Which benefits costs are usually shared by the employee and employer

Which of these is an element of limited payment life insurance

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Q: How does one purchase annuity?
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How can one purchase an annuity?

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.

What is the annuity type called that guarantees to pay out an income equal to the purchase price of the annuity?

Refund Life Annuity

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?

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 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.

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.

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.

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.

Is pure endowment an annuity?

Yes. A pure endowment is a one-payment annuity.

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

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

Annuity loans are what type of loan exactly?

Annuity loans are when an annuity holder borrows money against the value of an annuity contract. It allows one to access funds without having to cash out their annuity immediately.

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