answersLogoWhite

0


Best Answer

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.

User Avatar

Wiki User

โˆ™ 2013-05-29 12:50:19
This answer is:
User Avatar
Study guides

Nutrition

21 cards

If you were laid off and apply for insurance coverage on your wife's group policy do you have to answer a medical questionnaire

How many grams of cholesterol should you eat each day to maintain a healthy diet

What would cause a fluttering inside the ear canal

Why is beef fat a solid at room temperature

โžก๏ธ
See all cards
4.42
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
12 Reviews

Add your answer:

Earn +20 pts
Q: What does it mean to have an insurance annuity?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What does retirement annuity mean for a pensioned insurance owner?

A retirement annuity will give you a guaranteed income after you retire. If the annuity is owned by an insurance company then they will have control over your money so it is important to shop around for the best deal.


Is an annuity a type of life insurance?

Yes an annuity is a life insurance product. Its kind of like the opposite of life insurance.


Is there a difference between a life annuity and an insurance annuity?

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.


What is a fixed annuity?

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.


What is a fixed income annuity?

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.


What is variable annuity insurance?

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.


Where can I get variable annuity life insurance?

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.


Periodic payments for an insurance policy?

annuity


What is a savings account with an insurance company?

An Annuity


What type of insurance is 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.


How does one purchase annuity?

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.


What is transamerica variable annuity and what are their yields?

Tranamerica is an insurance company that offers variable annuity. Their yield depends on the situation of the person. If a person qualifies for annuity.

People also asked