As you have described it, this sounds very similar to an annuity.
Yes, an annuity value calculator can show you the present value of an annuity. As you may know, the present value of an annuity is the current value of a set of cash flows in the future, based on a specified rate of return.
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.
It increases
An immediate annuity calculator will help determine your income when your annuity comes due. Find a reputable place to help plan your future. www.fidelity.com is a good place to reserach.
An annuitant is the recipient of an annuity.
Variable annuities require a securities license to sell them.
monthly, quarterly or annually.
Yes, there are several sites online in which you can calculate immediate annuity rates. One of which is www.immediateannuities.com. This particular site requires you to enter information from drop down menus and type-in prompts in order to calculate an annuity quote.
One has to first prove that the annuity is theirs to sell. This requires photo identification, a copy of the annuity policy, a copy of the annuity application, as well as copies of tax forms in some instances. A broker can then be hired to sell the annuity, or a person can do it themselves. Woodbridge Structured Funding and Liberty Settlement Funding are two, of many, companies that offer online services to a person looking to sell an annuity.
Annuity is a financial product sold by financial institutions that is designed to accept and grow funds from an individual and then, upon annuitization, pay out a stream of payments to the individual at a later point in time. Annuities are primarily used as a means of securing a steady cash flow for an individual during their retirement years. There are a lot of good and bad features of annuities. First of all there are tremendous tax benefits for investing in annuities. Specifically the money you invest in an annuity grows tax deferred until you eventually start your withdrawals.
If the annuity is a non qualified tax deferred annuity (an annuity that taxes were paid on the money before they were placed into the annuity) you will pay taxes on any interest growth when it is removed from the annuity. If the annuity is a qualified annuity (no taxes were paid prior to placing the fund into the annuity) you will pay taxes on all withdrawals from the annuity.
difference between an annuity and a compound annuity?Read more: What_is_the_primary_difference_between_an_annuity_and_a_compound_annuity
ordinary annuity
The option to get annuity every month is called monthly annuity.
annuitization
A period certain annuity guarantees payments for a specific period, such as 10 or 20 years, regardless of the annuitant's lifespan. A life annuity provides payments for the lifetime of the annuitant, ensuring income for as long as they live but ceasing upon their death.