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Whether to guarantee your annuity payments depends on your financial goals and risk tolerance. Guaranteed annuities provide a steady income stream, reducing the risk of outliving your savings, which can be beneficial for retirement planning. However, they often come with lower potential returns compared to other investments. It's crucial to assess your individual circumstances and possibly consult a financial advisor to determine the best option for you.
What else can I help you with?
will the current problems at the stock market, affect our annuity payments?
No, you annuity payment should have been fixed up front.
What is the difference between an annuity and a perpetuity?
The main difference between an annuity and a perpetuity is that an annuity has a set period of payments, while a perpetuity provides payments indefinitely.
What is a flexible variable annuity?
Annuity is the period of time allocating to make payments. The payments can be made at the begining or at the at of the period of time.
What is the difference between a perpetuity and an annuity?
The main difference between a perpetuity and an annuity is that a perpetuity provides payments indefinitely, while an annuity provides payments for a specific period of time.
Periodic payments for an insurance policy?
annuity
What Annuity is best if you are dying and you want to guarantee payments to spouse for 20 years?
annuity payments can be structured for 20 years certain or other term/period certain payouts. Other optional annuity forms of payouts are also available from insurance companies underwriting annuity contracts such as life and joint/survivor payout options.
Can you take a loan from an annuity?
Yes, but not directly. An annuity is a stream of payments paid to some entity for some limited period of time (there are lifetime annuities which are known as perpetuities). One has the following two options for unlocking the value of an annuity: * Sell the annuity - receive the present value of all future payments right now in a single lump-sum - you will NOT have to pay it back, however, you will not receive any more annuity payments * Get a loan - offer the payments as security on a personal loan - the bank will ask you to redirect the payments of the annuity to their bank and either (1) directly use future payments to pay the loan payments or (2) keep future payments accumulated in a trust to guarantee that the loan gets fully paid.
will the current problems at the stock market, affect our annuity payments?
No, you annuity payment should have been fixed up front.
What is the difference between an annuity and a perpetuity?
The main difference between an annuity and a perpetuity is that an annuity has a set period of payments, while a perpetuity provides payments indefinitely.
What is a flexible variable annuity?
Annuity is the period of time allocating to make payments. The payments can be made at the begining or at the at of the period of time.
What is the difference between a perpetuity and an annuity?
The main difference between a perpetuity and an annuity is that a perpetuity provides payments indefinitely, while an annuity provides payments for a specific period of time.
Where can one find an annuity payments calculator online?
One can find an annuity payments calculator at a number of places online. For example, DGI Direct, RBC Insurance, Bankrate, and Legal and General all have annuity payments calculators online.
What happens to annunity payments after person dies?
After a person dies, the fate of annuity payments depends on the type of annuity and its terms. If the annuity has a death benefit provision, payments may continue to a designated beneficiary or be paid in a lump sum. In contrast, if it is a straight-life annuity, payments typically cease upon the annuitant's death. It's essential to review the specific terms of the annuity contract to understand the implications for beneficiaries.
How do a retired mailman get his annuity payments?
In the mail?
Periodic payments for an insurance policy?
annuity
Who should consider purchasing an annuity?
Individuals who are looking for a guaranteed stream of income in retirement and are willing to trade a lump sum of money for regular payments over a period of time should consider purchasing an annuity.
What is the difference between ordinary annuities and annuities due?
An annuity due is an annuity where the payments are made at the beginning of each time period; for an ordinary annuity, payments are made at the end of the time period. *an annuity due of (n) periods is equal to an ordinary annuity of (n-1) periods plus the payment.
