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It would depend on weather it is an immediate or a differed annuity contract.
An immediate annuity would provide guaranteed income for a specified number of years or over the life time of the insured regardless of how long the annuitant lived.
A deferred annuity provides for long term tax deferred growth and if its not in a qualified plan the annuity holder is not limited to the amount deposited each year.
What else can I help you with?
What type of annuity is available from the MassMutual Financial Group?
MassMutual Financial Group offers three types of annuities. They offer fixed annuities, variable annuities, and income annuities. They also offer long term care insurance and retirement plans.
What services are provided by Prudential Financial Inc?
Prudential Financial offers Life Insurance, Annuities, Mutual Funds, Group Insurance, Retirement Services, Investment Management, and other financial services. Prudential Financial is one of the largest financial firms in the world.
Why should someone invest in annuities?
Investing in annuities can provide a steady stream of income during retirement, offering financial security and peace of mind. Annuities also offer tax-deferred growth potential and can be customized to fit individual financial goals and needs.
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.
What is the best reason to choose life insurance over annuities for financial protection?
The best reason to choose life insurance over annuities for financial protection is that life insurance provides a death benefit to your beneficiaries in case of your passing, while annuities primarily focus on providing income during retirement.
What Application of financial management in the business environment of Pakistan?
critically evaluate the application of financial management in the business environment of Pakistan
What type of annuity is available from the MassMutual Financial Group?
MassMutual Financial Group offers three types of annuities. They offer fixed annuities, variable annuities, and income annuities. They also offer long term care insurance and retirement plans.
What services are provided by Prudential Financial Inc?
Prudential Financial offers Life Insurance, Annuities, Mutual Funds, Group Insurance, Retirement Services, Investment Management, and other financial services. Prudential Financial is one of the largest financial firms in the world.
Why should someone invest in annuities?
Investing in annuities can provide a steady stream of income during retirement, offering financial security and peace of mind. Annuities also offer tax-deferred growth potential and can be customized to fit individual financial goals and needs.
Where can you find more information about life annuities?
You can find information about Life Annuities by contacting your local bank representative or your local financial advisor.
Where can you find out more about no load variable annuities?
You should check with your local financial institution about this, they will have a list of different annuities and different rates that go with them.
How do I find fixed annuities?
You can find them at any banks or financial advisors
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.
What application do management information systems have in financial management?
The chief financial officer analyzes historical and current financial activity, projects future financial needs, and monitors and controls the use of funds over time using the information developed by the MIS department.
What is the best reason to choose life insurance over annuities for financial protection?
The best reason to choose life insurance over annuities for financial protection is that life insurance provides a death benefit to your beneficiaries in case of your passing, while annuities primarily focus on providing income during retirement.
What services are provided by TrustCo?
Trustco offers financial services such as estate settlement, investment management account, retirement plans, rollovers, financial planning, living trust, fixed annuities, and trust under your will. More information about these services can be found on their main website.
Can anybody purchase annuities?
Yes, anyone can purchase annuities. An annuity is a financial product purchased through an insurance company for a lump sum, which is later doled out in monthly payments. There are pros and cons to annuities, which must considered by the purchaser.
