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Fixed annuity is help people accumulate money for their retirement and turn lump sum of money into a guaranteed stream of income for life/Variable Annuities provide the advantages of traditional fixed annuities with the potential returns that are available by investing your money in the Stock Market. They are Sub accounts that are structure as mutual funds or segregated investment portfolios manage b professional investment managers.
What else can I help you with?
Is a variable annuity a good 403B investment?
Fees are higher in a Variable annuity than they are in say a fixed Index Annuity.
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 is variable annuity?
A Transamerica Variable Annuity is a fixed system of payment, based on a minimum monthly payment, that ensures payment to individuals during and after retirement.
Which of these is true of an annuity?
there are two types of annuities including fixed and variable
What is transamerica variable annuity?
A Transamerica Variable Annuity is a fixed system of payment, based on a minimum monthly payment, that ensures payment to individuals during and after retirement.
What type of annuity typically utilizes mutual funds Variable indexed fixed secure?
A variable annuity typically utilizes mutual funds. In this type of annuity, the policyholder can choose from a range of investment options, including mutual funds, to determine how their premiums are invested. The returns on a variable annuity can fluctuate based on the performance of the selected investments, making it a riskier option compared to fixed annuities.
What is a variable annuity prospectus?
Variable annuity prospectus is a type of loan that stays at a fixed rate depending upon the loaner. It can be a good thing to have and search about if you need help budgeting.
In a fixed annuity an investor can choose from many options usually in mutual funds?
variable
Which of these statements is true to an annuity?
There are three types annuities including fixed, indexed, and variable.
What is the definition of Variable Annuity?
I found different sites with definitions for annuity variables. Investopedia states that an annuity variable is, "an insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio." (http://www.investopedia.com/terms/v/variableannuity.asp#axzz1bw9FbZ8G)
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 factors should I consider when buying an annuity?
When buying an annuity, consider factors such as the type of annuity (fixed or variable), the financial strength of the insurance company offering it, fees and charges associated with the annuity, the payout options available, and how the annuity fits into your overall financial plan.
