Type of Annuities

Types of Annuities: Deferred Annuities

Annuities can be an invaluable part of planning for your financial future. However, not all annuities are made equal. Rather, different annuity plan structures provide different benefits, and not every annuity will be a good fit for every person’s goals. To help outline the differences between annuities, we created our Types of Annuities blog series.… Read more »

Types of Annuities: Immediate Annuities

The world of annuities can be confusing, but they can also be an integral part of a solid financial plan. To help you better understand the different type of annuities, we offer you the next post in our Types of Annuities series, Immediate Annuities. Immediate Annuities vs. Deferred Annuities There are two basic annuities –… Read more »

Types of Annuities: Variable Annuities

This article is another in our series that discusses the various types of annuities and how an annuity may or may not be a fit for your individual situation. Today, we are discussing variable annuities. This article will examine what variable annuities are, how they may be used for retirement income, and how you may… Read more »

Annuity Options

Before buying an annuity, you should know what your retirement financial goals are, and how an annuity fits into your overall plan. Then you need to know how an annuity works and how well it would perform vs. comparable investment options to meet those goals. Finally, you are well-served to have a reliable advisor who… Read more »

Types of Annuities – Fixed Annuities

The first decade of the 21st century has brought an acute realization that financial planning is going to be an ever-increasing part of our lives. No matter where you may be in your life, finances should be a priority. Annuities are an option as you save and invest to build your wealth. In a new… Read more »

What are the Differences Between Fixed and Variable Annuities?

What is the difference between fixed and variable annuities? The difference between fixed and variable annuities is the difference between an insurance and an investment product. The level of risk (and reward) differs considerably between the two forms of annuities. Fixed annuities come in many different formats, but all are insurance products issued by insurance… Read more »

What Are the Differences Between Immediate and Deferred Annuities?

“Immediate” and “deferred” options simply refer to when you get the payout from your annuity. Immediate (or income) annuities act as life insurance in reverse. Instead of paying premiums for several years and leaving a lump-sum payment for your heirs after you die, you make the large payment upfront and the insurance company gives you… Read more »

How Do FIAs Work?

Many consumers considering annuities may be torn between the prospect of investment gains vs. the safety of a guaranteed income. Fixed index annuities (FIAs) attempt to present the best of both worlds: a guarantee minimum interest along with potential gains related to an index. Let’s review the basic idea behind the FIA. The annuity provides… Read more »