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One purchases an annuity by depositing money, which guarantees a return of regular, fixed payments for a fixed period of time or one's lifetime. One might purchase an annuity so as to receive a payout that is not subject to income or capital gains taxes.
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∙ 10y ago
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Annuity loans are what type of loan exactly?
Annuity loans are when an annuity holder borrows money against the value of an annuity contract. It allows one to access funds without having to cash out their annuity immediately.
Where can one learn about annuity funds?
There are many places where one would be able to learn about annuity funds online. One could visit sites such as Understand Annuities for information regarding annuity funds.
How would one sell their annuity payments?
There are various secondary markets, many are online, that will buy your annuity and give you a lump sum payment. Typically, you would get more money though if you take the monthly allotment rather than the lump sum, so one should read and calculate the terms carefully.
Where can one find charts on annuity comparison?
There are many places where one could find charts on annuity comparison. The best places to find charts on annuity comparisons would be places like banks.
Where could one find information on annuity calculators?
One can find information on annuity calculators by going to the place that provides them. Examples of places that provide annuity calculators would be Bankrate, Aviva and LifeAnnuities.
What exactly are insurance annuities?
An insurance annuity is when a seller makes payments to a buyer for payment of one large amount of money. You usually would go through a bank to get this process going.
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.
Where can one sell annuity online?
There are a variety of sites that offer to buy the annuity of individuals, but it's advisable to ensure that the seller trusts the source. The best option is to consult an investment manager before selling something as important as your annuity.
Where can one go to buy an annuity?
Annuities are bought from brokerage and investment firms, usually through an insurance agent, broker, or licensed financial adviser. If you would like to avoid using an agent or broker, you can buy your annuity directly from a mutual fund company like Frankin Templeton, PIMCO, or T. Rowe.
What companies sell Hybrid Annuity?
All reputable annuity suppliers will provide a hybrid annuity. Please talk to your financial adviser to select the best one for you. Some people may not realise that a hybrid annuity is nothing more than a name for a fixed index annuity with a guaranteed lifetime income rider. An investor buys units of a variable annuity and the balance of his portfolio is used to buy units of a fixed annuity.
What is variable annuity IRA exactly?
A variable annuity IRA can be one great investment in your retirement and 401 K packages. You will need to choose a beneficiary right away, because it can be difficult for someone to cash in on it if you were to die and you didn't have one listed.
What is conventional life annuity?
Before you buy any annuity do your research to prevent and Annuity Disaster! Check out this book I read: The Great Wall Street Retirement Scam by Rick Bueter. One of the BEST books about money you will ever read!
