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What else can I help you with?
What is the annuity type called that guarantees to pay out an income equal to the purchase price of the annuity?
Refund Life Annuity
What is annuity unit?
Annuity Unit is fixed sum payable to the Annuitant under the options offered and chosen by him.
What will happen if an annuity company close down?
It depends on the type of annuity and how your payouts are calculated. There are several different methods. You do have the option of naming a beneficiary on your annuity, and with certain types of payout options that beneficially could receive the money in your annuity when you die. Other options just pay out during your lifetime, and the payments stop when you die.
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.
What is an immediate annuity rate?
An immediate annuity is an annuity that begins making payments to you shortly after you deposit your money. The rate of interest you earn on this depends on age, payment options, and other factors.
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.
Where can one find inforation on annuity options?
Forbes Magazine has a good article on Annuity Options. It is educational and lists their recommendations. The article can be found online. It was in the May 1st, 2009 magazine. The name of the article is 'How to Buy Annuities".
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.
In a fixed annuity an investor can choose from many options usually in mutual funds?
variable
What is the definition of "axa variable annuity"?
The definition of AXA Variable Annuity is a life insurance policy that give the option of market appreciation. It gives you a variety of investment options with your policy.
What determines the payment of an of an income annuity?
The quantum of amount parked, time period,options chosen, age of the annuitant at the time of parking the fund are few determinants in the payment of an income annuity.
What are the advantages of using annuity brokers to purchase an annuity?
The advantage of using an annuity broker is that they can present you with a range of options that may have been difficult to find otherwise. They may also be able to give advice on which annuity is a good fit for you. You should always understand any fees charged by the broker before using their services.
