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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
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.
Are annuities with Life Insurance Companies covered by FDIC?
No. Each State covers annuities and life insurance. It's actually a lot better than the FDIC.
Can a fixed annuity have a minimum interest rate and a flexible premium payment schedule?
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.
What The difference between ordinary annuity and annuity due?
ordinary annuity we paid at the end of the period
annuity due we paid at the begging of the period
Refund Life Annuity
Which of these is true of an annuitys?
there are only two types of annuities including fixed and variable...
Which of these is an element of universal life insurance?
This life insurance policy has two different types of death benefits.
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
What is the best description of universal life insurance?
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.
Why is the internet such a high potential breeding ground for inside information?
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.
How can you withdraw money from 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.
Is a variable annuity or a fixed annuity a good investent tool?
They are both good invesment instruments when used for the right purposes. Both are insurance policy contracts with distinctive features and differences.
Withdraw form from American Equity Investment Life Insurance Company?
I need an Partial Withdrawal Form.
What is a description of an annuity?
the insured agrees to make a lum-sum payment or series of payments to an insurance company
VALIC How do you get money from your retirement account?
i would like to withdraw money from my retirement account with valic, what is the procedure on how to do this?
What is the Difference between the future value of annuity and sinking fund?
future value of an annuity is a reciprocal of a sinking fund
What are the two distinct groups that report to the chief financial officer?
Treasurer and Controller
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How safe is your annuity with western National Life Insurance Company?
Western National Life Insurance Company (NASDAQ: NWLI) was upgraded recently to an "A" (excellent) rating from "A-" by A.M. Best Company based on a conservative investment portfolio. WNLIC holds "A-" (strong), "A1" (good) and "A+" (strong) ratings from Fitch, Moody's and S&P (respectively).
Despite AIG ownership, history and recent reports suggest that your annuity is quite safe with WNLIC and that you should not worry about the organization's ability to pay.
