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For example, choosing a life annuity with a 10-year period certain means your annuity will pay you for life, but if you pass away after five years, your beneficiaries will receive payments for the ...
Many annuity companies have relatively low minimum premiums, often as low as $2,500 to $5,000 for some types of fixed annuities and around $10,000 to $15,000 for variable annuities.
When you sign an annuity contract, you’re often locking your money up for a long period of time. Typically, you have some period where you can cancel the contract, but it may entail substantial ...
A retirement annuity is a basic annuity where you pay on a contract for a set period of time and in return receive income, often for life. Retirement annuities provide predictable income, giving ...
Period certain: This annuity guarantees payments for a set period of time, such as 10 or 20 years, instead of the rest of your life. If you pass away before the period is over, a beneficiary will ...
A multi-year guaranteed annuity is an insurance product that offers a guaranteed interest rate on your investment for a certain period of time, and then pays back your principal plus interest.
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