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A variable annuity is a contract between you and an insurance company. You agree to make contributions (either all at once or over time), which are invested as you choose from the options offered by the company, typically a range of mutual funds. In return, the insurance company agrees to make payments back to you for a set amount of time, either starting immediately or at some defined point in the future. The amount of these payments is determined by how well your investments have performed. Annuity earnings are tax-deferred, which is why they are often used as part of a retirement plan. And if you die before you start receiving your payments, the company will pay your beneficiary a certain amount, usually at least the amount you've paid in. Click below on any of the links to get online Cheap Variable Annuity, Variable Annuity Life Insurance and other annuity quotes.
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Variable Annuity Update
| Variable annuities deliver little advantage for high cost - Chicago Tribune A variable annuity is essentially a mutual fund account wrapped inside an insurance policy. It has three basic components: a general account, sub accounts and a death benefit. The general account serves as a fixed annuity, in which the insurance ... Guaranteed income, with strings - Tulsa World Retired chemical engineer Roger Saldana was surprised when his financial adviser suggested he transfer $500,000 of his retirement nest egg out of mutual funds and into a deferred variable annuity. He wonders whether it would be the right move. The Pitfalls Of Variable Annuities - Forbes In a recent article I was quoted on how, compared apples-to-apples, a variable annuity offers far less income than traditional income products, one option being an immediate annuity (I may have said something to the effect of if you have a half ... More info on variable annuities - Aiken Standard A variable annuity shares similar tax deferral treatment to its cousins - fixed and equity indexed annuities - in that gains during the accumulation period are not taxed, and it is only when monies are removed that income taxes are levied. Tax legislation ... MetLife?s Farrell Reassigned as Wheeler Scales Back Annuity Risk - Businessweek In filings last year to the Securities and Exchange Commission, Farrell was listed as president of MetLife Investors USA Insurance Co., a unit that issues variable-annuity contracts. MetLife is curbing annuity risk as it focuses on integrating ... Allstate shifts to alternative assets - Financial Times The move matches a broader shift by US insurers, which have struggled to earn returns on annuity products. MetLife, the US?s largest insurer by market capitalisation, has said it plans to reduce variable annuity sales by 35 per cent this year ... New retirement product aims for better upside - What Investment Primetime Retirement has confirmed it will launch a new retirement plan that it claims will combine the benefits of both a fixed term annuity and a variable annuity in order to appeal to a broader clientele. The financial services provider, previously ... ING Life Insurance Company (Korea) Limited: Company Profile and SWOT Analysis - new company profile report - Transworld News Key products of the company include Protection, Annuity, Corporate Pension and Variable products. The company offers its products through a network of professional financial consultants and Bancassurance channels. In addition, its products are also ... |
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