0
What else can I help you with?
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.
In which of the following are individuals guaranteed by an insurance company to earn a minimum interest rate on their investment?
fixed annuity
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.
Who bears all of the investment risk in a fixed annuity?
In a fixed annuity, the insurance company bears all of the investment risk. This means that the insurer is responsible for ensuring that the promised returns and payouts to the annuity holder are met, regardless of market conditions. The policyholder receives a guaranteed interest rate and fixed payments, providing them with a sense of security and stability. Consequently, the investment performance of the annuity's underlying assets does not directly impact the annuity holder's returns.
How does a fixed annuity work?
There are many types of fixed annuities and they may all vary. In general an annuity is a contract between you and an insurance company. You agree to put funds into the annuity and they guarantee that your funds will grow at a certain rate, as determined usually yearly, for a certain period of time. Once that time passes and when you are ready to withdraw your funds plus any growth the insurance company agrees to pay you that amount of money either in a lump sum, systematic withdrawals, or over a period of time or for your lifetime.
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.
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 are fixed annuities comprised of?
A fixed annuity is an annuity that pays a fixed amount of interest, defined by the terms of the contract. It is comprised of the money that you put in and the interest the insurance company provides in exchange.
What types of investments are the funds of a fixed annuity invested in?
With a fixed annuity, you're giving your money to an insurance company in return for a fixed interest rate. It is the company that decides how to invest that money. You as the owner, does not pick any funds.
In which of the following are individuals guaranteed by an insurance company to earn a minimum interest rate on their investment?
fixed annuity
What is the definition of Variable Annuity?
I found different sites with definitions for annuity variables. Investopedia states that an annuity variable is, "an insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio." (http://www.investopedia.com/terms/v/variableannuity.asp#axzz1bw9FbZ8G)
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 does retirement annuity mean for a pensioned insurance owner?
A retirement annuity will give you a guaranteed income after you retire. If the annuity is owned by an insurance company then they will have control over your money so it is important to shop around for the best deal.
what is the definition of fixed immediate annuity?
The definition of fixed immediate annuity is the contract that you agree on with an insurance company. They are usually purchased with large lump sums of money by investors in order to pay for expenses over a long period of time. In exchange for this lump sum premium, the insurance company pays you a monthly income for as long as you live. http://www.themoneyalert.com/ImmediateAnnuity.html
What is an annuity rate and whats mine?
An annuity rate is basically the rate at which you will pay a fixed amount to someone, usually when referring to insurance. In order to know your own rate, you will need to check the contract you signed, or at least call the company or person you are paying.
How does a fixed annuity work?
There are many types of fixed annuities and they may all vary. In general an annuity is a contract between you and an insurance company. You agree to put funds into the annuity and they guarantee that your funds will grow at a certain rate, as determined usually yearly, for a certain period of time. Once that time passes and when you are ready to withdraw your funds plus any growth the insurance company agrees to pay you that amount of money either in a lump sum, systematic withdrawals, or over a period of time or for your lifetime.
Is a fixed annuity invested in only bonds?
A fixed annuity is invested with the insurance co who then invests in a variety of things. All you need to worry about is that with a fixed annuity it is all guaranteed and there is zero risk. Currently you can get a guarantee of 6% interest for 10 years at a period of time when banks and the FDIC are failing and the market is down. Insurance companies are your safest bet as they know how to manage risk.
