An O share on an annuity refers to a specific type of share class that may be offered within variable annuities. This share class typically has lower upfront fees or commissions, making it more attractive for long-term investors. O shares are designed to provide investors with a more cost-effective option, although they may come with higher ongoing fees and expenses compared to other share classes. It's important for investors to review the terms and conditions associated with O shares to understand their overall impact on returns.
That depends on a number of factors. First what are the guidelines within the annuity itself. Second if there are named beneficiaries then if there are proceeds to be distributed they would receive their share. Third it all depends on how the purchaser of the annuity chose to have the proceeds distributed.
If the annuity is a non qualified tax deferred annuity (an annuity that taxes were paid on the money before they were placed into the annuity) you will pay taxes on any interest growth when it is removed from the annuity. If the annuity is a qualified annuity (no taxes were paid prior to placing the fund into the annuity) you will pay taxes on all withdrawals from the annuity.
difference between an annuity and a compound annuity?Read more: What_is_the_primary_difference_between_an_annuity_and_a_compound_annuity
ordinary annuity
The option to get annuity every month is called monthly annuity.
ordinary annuity we paid at the end of the period annuity due we paid at the begging of the period
ordinary annuity we paid at the end of the period annuity due we paid at the begging of the period
Yes, it is possible to lose money with an annuity if the investments within the annuity perform poorly or if there are high fees associated with the annuity.
Your annuity policy document should have all the withdrawal provision detailed for you. If not contact the company you have the annuity with and they can give you instructions. Before you withdraw from an annuity be aware of the tax treatment of your annuity withdrawals.
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.
Perhaps you meant a "non-qualified" annuity? If so, a nq annuity is an annuity purchased with after-tax dollars; conversely, a qualified annuity is one purchased with pre-tax dollars, such as in an IRA or a TSA.
Refund Life Annuity