An annuity is a contract in which an insurance company makes a series of income payments at regular intervals in return for a premium or premiums you have paid. Annuities are most often bought for future retirement income. Only an annuity can pay an income that can be guaranteed to last as long as you live.
The word annuity is a Latin word. You can find it in the oldest dictionary you have. Annuity means income. An annuity is neither a life insurance nor health insurance policy. It is not a savings account or savings certificate. You should not buy an annuity to reach short term financial goals. There are several different types of annuities. The word annuity of course means income. The word deferred means income later. The word immediate means income now. There are two types of annuities, fixed and variable. The word fixed doesnt necessarily mean your interest is fixed, it means your premium earns a minimum guaranteed interest rate. Variable, which involves risk means
the dollars (your premium), you put into a variable annuity can vary up and down.
There are two parts to a fixed deferred guaranteed income annuity, a current interest rate and a minimum...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
