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What is the accumation period for immediate annuities generally?
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What is the difference between an annuity and a perpetuity?
An annuity is a financial product that provides regular payments for a specific period, while a perpetuity provides payments indefinitely, with no end date. Annuities have a fixed term, whereas perpetuities have payments that continue forever.
Are annuities safe during depression?
Annuities can provide a level of safety during a depression as they offer a guaranteed income stream over a specified period or for life. However, the safety of annuities can vary based on the financial stability of the insurance company issuing the annuity. It's essential to research and choose a reputable and financially secure company when considering purchasing an annuity during uncertain economic times.
What is the definition of elimination period in long term care insurance?
The elimination period in long-term care insurance refers to the waiting period before benefits are paid out. It is similar to a deductible, but instead of a monetary amount, it is a specified number of days that the policyholder must pay for care out-of-pocket before the insurance coverage kicks in. Shorter elimination periods generally result in higher premiums.
During the period of 2006-2008 what percent of indivuals aged 65 and over rated their health?
During 2006-2008, approximately 70% of individuals aged 65 and over rated their health as good, very good, or excellent. This indicates a generally positive perception of health among this age group during that time period.
What is a lifetime annuity?
A lifetime annuity is a financial product that provides a stream of income payments to an individual for the rest of their life. It is typically purchased with a lump sum amount, and the amount of the payments is determined by factors such as the individual's age, gender, and life expectancy. Lifetime annuities offer a way to secure a guaranteed income for retirement or to provide financial security in old age.
What is the accumulation period for an immediate annuity?
Immediate annuities can be annuitized immediately upon issue.
How long can the accumulation period be for immediate annuities?
This depends on the company but usually anywhere from immediately to three years.
A contract frequently purchased from an insurance company by the consumer at retirement to provide continual income over a specified period of time is called?
Annuities are generally purchased through an insurance company. People who purchase annuities can receive payments in the future from their annuity.
How is the word annuties defined?
Annuities are defined as being a set series of fixed payments over a specified period of time. Customers generally pay a premium which is then later distributed as an annuity back to the policy holder.
What exactly are annuities used for?
Annuities are payed out at intervals over a period of time. One would invest in an annuity to ensure that they had income still coming in regularly if something should happen to their steady income.
What is the difference between ordinary annuities and annuities due?
An annuity due is an annuity where the payments are made at the beginning of each time period; for an ordinary annuity, payments are made at the end of the time period. *an annuity due of (n) periods is equal to an ordinary annuity of (n-1) periods plus the payment.
What conditions were needed to turn the plants and animals into fossils?
near immediate plastering by mud and afterwards a period of drought and even then, many fossils are destroyed by nature and are generally very fragile
What insurance product has a surrender charge that does not last beyond the guarantee rate period?
Whole life, Universal Life, Annuities to name a few.
What period did Elgar compose in?
Elgar composed at the end of 19th century, into the immediate post WWI period.
How many pros and cons are there total in annuties and what do they mean?
Annuities are fixed amounts of money paid to someone for a specific time or even the rest of their life. 5 pros of annuities are that they defer taxes on profits, have fixed rates, have minimum growth rates, and have capital preservation and liquidity. 5 cons of annuities are that there are tax and IRS penalties, short-term investments fail, a surrender period, and large expenses.
What is the difference between an annuity and a perpetuity?
An annuity is a financial product that provides regular payments for a specific period, while a perpetuity provides payments indefinitely, with no end date. Annuities have a fixed term, whereas perpetuities have payments that continue forever.
What is an annuities?
An annuity is a right to receive amounts of money over a given fixed period, either in perpetuity or over the remaining life or lives of one or more of its beneficiaries.
