Annuities

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.

An annuity rate is something that helps you pay for retirement first you decide how many years you want payment from the income payments whether thats a couple of years or a year.

Both Nationwide and Aviva provide fixed index annuities and these are indeed fixed, and do not vary with inflation. Although some would say that fixed index annuities are hedging your bets, in today's economic climate it would be seen as sound.

To find out about fixed annuities rates visit your bank provider at your local bank. They will be able to provide you with all the information that you require.

A paid-up retirement annuity is a financial product that provides a guaranteed income during retirement, where the policyholder has fully funded the annuity and no further premium payments are required. Once the annuity is paid up, it typically begins to pay out a fixed income at a specified age or date, ensuring financial stability. This type of annuity can be beneficial for individuals looking for a steady income stream during retirement without ongoing payment obligations.

A regular annuity which is not a 401K is counted against social security income limits.

Annuities themselves do not have symbols, however, for variable annuities, the stocks that the money is invested in within the variable contract would have the symbols associated with those companies.

If there was a named beneficiary (s) on the annuity then those named beneficiary(s) that are listed on the contract when completed upon purchase would receive those funds. A will or trust can not override this. If no beneficiary(s) are named then the estate of the deceased would be the heir of the remaining balance and then be distributed according to the guidelines set forth in the will or trust set up by the owner. If the estate is the heir and there was no will or trust then the courts would decide who would be the beneficiary(s) of the remaining balance.

There are at least two different types of annuity rates depending on your location.

The biggest difference between a US annuity and a Swiss annuity is that Swiss annuities are not subject to the usual tax and bankruptcy reporting requirements and can be used in offshore tax planning.

It all depends on what the provisions of the estate documents state. However, next of kin means a blood relative so the distant cousin would be the heir. In order for the step son to be a next of kin they would have to have been adopted with the provisions stating that the adopted child would be considered as a natural born child of the deceased. Being that there is no will it will go by the guidelines of the intestacy laws (laws for a deceased without a will) which in most cases looks for the nearest blood relative. You may contest this through the courts but there is no guarantee that you will receive any of the money.

Annuities are bought by a consumer and not sold. There is a contract offered by an insurance company with promises, guarantees and provisions set forth within said contract. If both parties agree, then this contract is applied for by an individual and if accepted by the insurance carrier the two sign a contractual agreement as set forth by the terms of the product.

Contact your financial planner or company that carries your annuity and ask for a change of direct deposit form. Complete this and send back to your company with a new voided check.

This would be called an indexed annuity or an equity indexed annuity both meaning the same thing.

A non qualified annuity is purchased with after tax dollars. The only portion of the annuity that is taxable is the interest portion. This is taxed upon the withdrawal from the annuity at a ration set forth by the company under the guidelines of the IRS.

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12 years.

This type of annuity would be a variable annuity. There are no guarantees on your interest and you may lose some or all of your principle. They do have the ability to grow at higher rates when the markets are up.

Generally speaking, an annuity company's guarantees are as safe as the company. Every state's insurance department monitors the assets of those companies that are doing business in their state to make sure that they'll be able to meet their obligations. As far as I know, American Equity is a legit company but check with your state's department of insurance/annuities to make sure they are approved to sell annuities in your state.

The NAIC, LIMRA and the State Insurance Department of your state.

A tax deferred fixed annuity pays a flat interest rate.

This depends on the company but usually anywhere from immediately to three years.

That actually depends on what type of annuity you are purchasing. That being said a ball park average would be around 5%. However, this is just a ball park figure because there are so many types of annuities and each company has their own guidelines.