Annuities

A fixed annuity is a way to help save for retirement within a safe environment. They are backed by the guarantees of the companies that issue them. They make a great addition to anyone's portfolio.

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.

Your annuity typically has at least two values, Contract Value and Surrender Value.

Contract Value: The value of your annuity as it sits today with the life company.

Surrender Value: The value of your annuity if you were to surrender the policy and walk away with all your money.

I worked for Emerson for 16 yrs. very good company and sad what happened. anyway the pension plan is with cna institutional markets and the phone number to see if you qualify is 1-800-304-3454. you had to be vested before you could qualify for benefits about 6 yrs i think. i was divorced so i had my husbands name taken off. i started receiving my pension when i turned 60 since that's when you are eligible. i wasn't going to wait until i was 65 because who knows where i would be and no one gets the money. hope i helped.

There are different types of annuities. Variable annuities cost much more and I wouldn't recommend one. Now with Fixed Indexed Annuities you can have the potential of the upside of the market without any of the loss. Fixed and Fixed Indexed annuities typically do not cost a cent unless you have added a (rider) to the product that has a small annual cost.

You have a very good question. If you are the cash beneficiary of the estate and the other beneficiary receives an annuity, the costs of settling the estate will come out of the cash. You should frame a motion to have the court review the matter and render a decision regrading the issue. The court may decide the other heir should pay a portion of the costs.

It is worth more than a one lump sum.

No. Each State covers annuities and life insurance. It's actually a lot better than the FDIC.

Yes. ALL deferred annuities offer a guaranteed minimum interest crediting rate (although in a few contracts, that rate is zero). And all non-variable immediate annuities calculate the annuity payments using an assumed interest rate, so one could say that that rate is actually "guaranteed" (as the payments are).

Some deferred annuities will accept only a single premium, and they're called "single premium annuities". Others will accept recurring premiums and are usually called "flexible premium annuities. Immediate annuities typically do not permit recurring premiums.

ordinary annuity we paid at the end of the period

annuity due we paid at the begging of the period

Refund Life Annuity

80,000 year

This life insurance policy has two different types of death benefits.

there are only two types of annuities including fixed and variable...

Here is the best way I can explain it:

Lets say you are going to rent a home and you have a $1000 dollar per month budget. You find the home you want and you tell the landlord that you want the home and are willing to pay $1000 per month. The landlord says, "I only want $500 a month". Lucky you right? You say "Great, but how about I still pay you the $1000 and you invest the difference for me?" The Landlord agrees.

You stay in the house for ten years and every year the rent has gone up little by little. You really don't care because its always been within your budget and the rest was reinvested for you. So up till now you've been quite happy with your rent/landlord. But today he shows up and says your rent will be $1200 a month. You respond with, "Well I can't afford $1200 only $1000." The landlord says, "don't worry about it, you pay me the $1000 and I'll just take the rest out of the money I invested for you." Again, this sounds pretty good and you agree.

Still every year going forward, little by little, the rent of your home keeps going up. You keep paying $1000 a month and the difference comes from your investment. 5 more years go by and you landlord shows back up and says that your rent is now $2000 a month and their is no longer any money left in your investment account to cover the difference. So you either have pay the $2000 or move out. You can't afford the two thousand so now you are homeless.

That is what universal life does. Half of your money is going towards paying a term life policy and the rest is being reinvested. The price of term insurance goes up as you age until the point you can no longer afford it and you stuck without coverage and by that time you either can no longer qualify for coverage or if you can, you probably can't afford it. Hope this helped.

That's a good question. I would like to know too. So far I haven't found any such loopholes, but believe me, right now, I could use the money. Send me an answer, any who may know the answer to this question. pkg7267@gmail.com Thank You

finance 230 birzeit

I assume you mean draw on annuity early. Depends on the type annuity. If deposit type ...yes. If deferred payout annuity...no, (like a pension) not until you reach a certain age.

there are two types of annuities including fixed and variable

Its a Universal life insurance Policy.

They are both good invesment instruments when used for the right purposes. Both are insurance policy contracts with distinctive features and differences.

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.

Call JG Wentworth, 877-Cash-Now!

I need an Partial Withdrawal Form.

the insured agrees to make a lum-sum payment or series of payments to an insurance company