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Annuities

Annuities are financial products designed to grow an individual’s funds and later, upon annuitization, to distribute payments back to the individual over a specified period of time. It is mainly used to secure a steady flow of cash during retirement.

849 Questions

Where can one learn about annuity funds?

There are many places where one would be able to learn about annuity funds online. One could visit sites such as Understand Annuities for information regarding annuity funds.

What exactly is a life annuity?

A life annuity is an insurance product that gives a predetermined amount of money on a periodic basis to an individual until the receiver (referred to as the annuitant) dies.

How long does it take to receive money after surredering an annuity?

The time it takes to receive money after surrendering an annuity can vary, typically ranging from a few days to several weeks. Upon submitting the surrender request, the insurance company usually processes it within 5 to 30 business days, depending on their policies and the complexity of the annuity. Factors like any required documentation, the type of annuity, and state regulations can also influence the timing. It's advisable to check with your specific insurance provider for precise timelines.

What is the definition of 'annuity'?

An annuity is a financial product sold by financial institutions that is designed to accept and grow funds from an individual and then pay out a steady stream of payments to the individual at a later point in time. Annuities are mostly used by individuals wanting to secure cash during their retirement years.

What is a Structured Settlement Annuity?

Structure settlement annuities are a type of annuity a defendant purchases in a personal injury law suit to pay the injury victim. The payments are free from tax.

Is it legal for a bank to sell a person with dementia a Life Insurance Annuity?

Selling anything at all to a person with dementia - is the taking of advantage of a person who may not at the time be capable of making a judgement of any kind. I would view as SUSPECT - any sort of sale - of any value - if it can be proven that at the time the seller KNEW the person to whom they were selling, was not in full possession of their faculties -

What are the advantages of a lump sum settlement?

The advantage of a lump sum settlement is that one does not have to pay tax on it. The money has already been paid, so there is no worry about arrears.

Where can the best annuity rates be found online?

There are many websites where one can find annuity rates. Some of these include Annuity FYI, Fidelity, USInsuranceOnline, and Annuity Rates Instantly.

Where might one find good advice about buying an annuity?

There are a number of good places to look for advice when buying an annuity. Some examples include your local branch bank, a financial planner or online investment forums.

What are some good ways to buy annuity for retirement?

The best ways to buy annuities for retirement is to purchase them through online services such as from the Immediate Annuities or Income Solutions websites. These services will find the best price between multiple companies while keeping transaction fees low.

What is the purpose of a tax sheltered annuity?

Tax sheltered annuity refers to an employee making contributions into his/her retirement plan from his/her wages. If this is a direct contribution to the plan, this means the employee has the benefit of tax-free funds.

What are the terms of the annuities available from Nationwide?

There are different types of annuities available from Nationwide for retirement needs. There are Variable and Fixed Annuities. They accept the risk involves as they are a type of long-term investment. By participating in their annuity programs, one agrees to all terms and conditions. The terms can change at any time. Their are no guarantees with investments. A person accepts the risks, expenses and charges. Offers are subject to location.

Where can one purchase Income Annuities?

One can purchase income annuities at any banking or financial institution which carries banking products. One could check with their main banking branch first to see if they are available there.

What is the purpose of annuity providers?

An annuity is a financial contract in which the payer provides payment for certain services.The purpose of annuity providers such as Prudential is that they can help one increase their income for retirement that lasts a lifetime.

How can one purchase an annuity?

You need to decide what type of annuity you want to purchase a fixed annuity are for the conservative investor the rate of return is lower. With a variable annuity gives choices of where to invest and amount of payment. A finical advisory will be very helpful to the decision process.

Where can one learn about buying annuities?

One can learn about buying annuities from many different places. One of the best places to learn about annuities is the fisher investment annuity website.

What are the types of annuities offered by Nationwide?

Nationwide offers the following annuities: Variable annuities, immediate annuities, fixed annuities and fixed indexed. For more information one should contact Nationwide.

Where could one find information on annuity calculators?

One can find information on annuity calculators by going to the place that provides them. Examples of places that provide annuity calculators would be Bankrate, Aviva and LifeAnnuities.

Where can one find an annuity payout calculator?

One can find an annuity payout calculator at any office superstore. Office superstores include OfficeMax and Staples. These calculators may also be found online through search.

How can one calculate cash annuities?

The easiest way to calculate the value of a cash annuity would be to use an online annuity calculator. Some companies that feature this type of calculator on their website include Investopedia, Pine Grove, and Bank Rate.

How do structured Settlement Annuities work?

Payments from a structured settlement annuity can be made over the duration of a person's life. This way the person can focus on health and recovery if they are unable to work.

What does the term anuity mean?

Annuity is a term that usually relates to financial matters. The word annuity would normally be meant to describe any continuous payment with a fixed total annual amount.

How does one cash out of an immediate annuity?

There are a number of steps one may take in order to cash out an immediate annunity. One should first figure out how much money they require, and then provide proof of one's need and complete the appropriate paperwork.

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 is the meaning of charitable gift annuity?

A charitable gift annuity involves a contract between a donor and charity. The donor gives property or cash in exchange for a tax deduction, When the donor dies the charity keeps the gift.