Annuities

Yes, you need to speak with your agent or broker and or your tax accountant tregarding this issue.

A securities license called a Life License

I did not receive interest for the year for my annuity.

An annuity is long-term retirement savings product that can help protect you against the risk of outliving your assets. It is a contract between you and an insurance company: you receive future income in return for your contributions.

Your assets grow on a tax-deferred basis until they are withdrawn, usually at retirement. You may receive income in a number of ways, including guaranteed payments that will last for as long as you live. Annuities can be a valuable addition to your retirement plan at any stage of life.An annuity is long-term retirement savings product that can help protect you against the risk of outliving your assets. It is a contract between you and an insurance company: you receive future income in return for your contributions.

Anyway, if you are looking for a very affordable health and life insurance, I recommend you check the site below to get free quotes and compare premiums between different insurance companies in the US. The website will pull up comparable premiums from the database, that would give you the best insurance quote and decide which one is best for you.

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That would depend on how much the annuity pays out. The regulators calculate your income sources and will apportion a payout of U.I. if your income falls within the allowable amount.

Money in a bank is FDIC insured. Money with an insurance company is actually safer than with a bank.

It is as safe as AIG is. No fixed annuity has ever lost any money, but bottom line, AIG backs the fixed annuity

lead bank

managing bank

participating bank

borrower

can someone please type me the formula of calculatins Present Value (PV) in advance

If it is a tax preferred type account....oike in your IRA or 401k, no.

No, in that specific circumstance it is tax exempt. As a point of interest, this is known as a "1035 exchange."

No.

I can answer from a claims perspective. I have settled many claims with minor children using annuities. For example a 10 year old child is hurt in a car accident, and the injury is evaluated in the 15k range. An annuitie is set up for the child to start receiving the money when they turn eighteen. Doesn't have to be eighteen. Whatever is the best for the situation. I have set up annuities to pay the child from college age, twice a year (tuition time) for four years, or a lump sum when they are 18 or 21. Whatever is best for the child and their family. Of course the annunity makes money in the mean while. And they had to be court approved for the minor.

Annuity is the period of time allocating to make payments.

The payments can be made at the begining or at the at of the period of time.

Great product, an annuity. My friend had $8,000 in his one day and the annuity paid 100% overnight. Excitedly, he told me the next morning that he had $16,000 then. Happy guy. However, an annuity kind of works like a savings account at the bank. No money in it? No money paid out. $10 in it? $10 paid out. $100,000 in? $100,000 paid out. Disclaimer: an annuity is not a savings account. I just used that term to show you how it works.

Only if the annuity is an IRA or Roth IRA. A non-qualified annuity does not have this rule.

Go to worldofexploration.com , his site has great info on all kinds of investments, annuities included.

Check your policy for the factors.

An insurance broker makes money by selling insurance to individuals or businesses.Depending on state regulations, commissions range between 2 to 8% of premiums.Broker's duty is to understand the client's requirements and provide them with the best insurance policy within budget.Salaries of brokers vary depending upon size of the company and the nature of its work.Some brokers receive performance related bonuses plus additional benefits.Brokers with commercial clients earn more than those with personal clients.

DCU offers its member banks to participate in the medallion signature guarantee program. These banks include DCU branches in Acton, Andover, Burlington, and Framingham.

The LIFE payout options available from an annuity or life insurance policy are of two types: (A) Life Only and (B) Life with Refund

(A) Life Only - the contract guarantees an income (at least annually) for the life of the "annuitant" (the person whose age and sex determines the amount payable). At the annuitant's death, the contract ceases, without value.

(B) Life with Refund - Like Life Only, this option will pay an income for the life of the annuitant. If the annuitant dies before the expiry of a specified period, such as 10 years (this is known as a "life and 10 Year Certain" payout) or before the annuitant has received a specified total amount (this is called "life and Cash Refund"), the remaining "refund" amount will be paid to the beneficiary. In the case of "Period Certain" options, the beneficiary will receive the remaining payments (e.g.: if annuitant died having elected a Life and 10 Year Certain and died after five years, the beneficiary will receive payments for the next five years. In a Cash Refund payout, the beneficiary will receive the lump sum difference between the specified lump sum and the cumulative value of income payments paid to the annuitant.

It should be noted that NO annuity payout arrangement can EVER guarantee ANY amount to the beneficiary, as all such arrangements will terminate without value if the annuitant lives past the "refund feature" guarantee.

LIFE payout are not the only way that annuities can provide income. A non-life payout, called "Period Certain", guarantees payment of income for a specified period of time (e.g.: 20 years), whether the annuitant is living or not. If the annuitant outlives the Period Certain, no further payments are made.

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