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Annuity insurance is a policy which one would have and would withdraw on. They are popular with persons who still would like a steady income after retirement. One could invest and yet still receive funds to live on.

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12y ago

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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.


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.


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.


Where can one find cash for an annuity payment?

There is a company called Woodbridge Investments that will offer you cash for your annuity, if you wish to sell it. Otherwise you should contact the insurance company that provided you with the annuity and ask them.


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 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.


What insurance company should I purchase an annuity variable from?

The best way, in my opinion to consider what insurance company to purchase an annuity variable from, is to find a policy that best suits me. Does it offer death benefits? Is it tax-free? And am I at the appropriate age to get an annuity variable without being taxed. You also want to consider whether you want short or long term annuity.


What does it mean to have an insurance annuity?

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.


Periodic payments for an insurance policy?

annuity


What is a savings account with an insurance company?

An Annuity