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I can answer from a claims perspective. I have settled many claims with minor children using annuities. For example a 10 year old child is hurt in a car accident, and the injury is evaluated in the 15k range. An annuitie is set up for the child to start receiving the money when they turn eighteen. Doesn't have to be eighteen. Whatever is the best for the situation. I have set up annuities to pay the child from college age, twice a year (tuition time) for four years, or a lump sum when they are 18 or 21. Whatever is best for the child and their family. Of course the annunity makes money in the mean while. And they had to be court approved for the minor.
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∙ 16y ago
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What are the best ways to gain the benefits of using insurance annuities?
Insurance annuities is like investing towards your future. There are many different types of annuities, you should choose one that meets your financial situation.
Are insurance company annuities safe?
Yes
How can one get annuities insurance?
The annuities can be received in the form of monthly,quarterly,half yearly, and yearly options.
Are annuities with Life Insurance Companies covered by FDIC?
No. Each State covers annuities and life insurance. It's actually a lot better than the FDIC.
Is AIG a terrorist organization?
AIG sells insurance including high cost annuities that scam people. To me, anyone that sells annuities and life insurance to old people is a terrorist.....
What are three types of insurance annuities?
Three types of Insurance Annuities are variable annuities, fixed annuities and indexed annuities.
Does my bank offer any insurance on my annuities?
Most banks offer some sort of insurance on annuities, often at a yearly fee.
Can you sell fixed annuities yourself?
You can sell fixed annuities if you have a life insurance license.
Where might one find information regarding life insurance annuities?
One might find information regarding life insurance annuities online at various websites. One can find information about life insurance annuities at insurance company websites such as Nationwide and MetLife.
What are the best ways to gain the benefits of using insurance annuities?
Insurance annuities is like investing towards your future. There are many different types of annuities, you should choose one that meets your financial situation.
Where can someone find detailed information to have annuities explained to them?
One can find detailed information on annuities explained to them through a life insurance representative. MetLife has extensive information on annuities as does Sun Life Insurance.
Are annuities covered by any government insurance?
No
Are insurance company annuities safe?
Yes
What can I expect to pay for insurance annuities?
Please check the internet for solutions. There is a wealth of information about it there. Insurance annuities should be low, especially these days with the economy.
How can one get annuities insurance?
The annuities can be received in the form of monthly,quarterly,half yearly, and yearly options.
Are annuities with Life Insurance Companies covered by FDIC?
No. Each State covers annuities and life insurance. It's actually a lot better than the FDIC.
Financial institutions offering insurance with annuities Where would I look to invest in insurance offering monthly annuities?
Insurance companies or their agents /brokers. Be certain to utilize only highly rated companies.
