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Each annuity is a contract between you and an insurance company: You provide the company money now, and they promise to pay you a steady income later, potentially for the rest of your life ...
The life insurance giant offers a wide range of annuity products, including fixed deferred, income and variable annuities. Where New York Life really shines is in its easy-to-use side-by-side ...
An annuity can help you save for retirement and has favorable tax benefits. Experts caution that annuities can be complex and risky, and that they can have high commission fees and may be ...
Variable annuities have features of both life insurance and investment products. [4] In the U.S., annuity insurance may be issued only by life insurance companies, although private annuity contracts may be arranged between willing parties although typically the intent of these is to reduce taxes. Insurance companies are regulated by the states ...
The main types of annuities are: Variable annuities: Premium payments into a variable annuity are invested in one or more sub-accounts which are similar to mutual funds .
A life annuity is an annuity, or series of payments at fixed intervals, paid while the purchaser (or annuitant) is alive.The majority of life annuities are insurance products sold or issued by life insurance companies however substantial case law indicates that annuity products are not necessarily insurance products.