Life annuity

[mark]

A life annuity is a financial contract in the form of an insurance product according to which a seller (issuer)—typically a financial institution such as a life insurance company—makes a series of payments in the future to the buyer (annuitant) in exchange for the immediate payment of a lump sum (single-payment annuity) or a series of regular payments (regular-payment annuity), prior to the onset of the annuity.

[blacktom]

Hello
Variable annuities have become a part of the retirement and investment plans of many Americans. Before you buy a variable annuity, you should know some of the basics – and be prepared to ask your insurance agent, broker, financial planner, or other financial professional lots of questions about whether a variable annuity is right for you.

This is a general description of variable annuities – what they are, how they work, and the charges you will pay. Before buying any variable annuity, however, you should find out about the particular annuity you are considering. Request a prospectus from the insurance company or from your financial professional, and read it carefully. The prospectus contains important information about the annuity contract, including fees and charges, investment options, death benefits, and annuity payout options. You should compare the benefits and costs of the annuity to other variable annuities and to other types of investments, such as mutual funds.

[jackwilson]

Thanks for sharing the information mark. I think you have a lot of knowledge to share. I am looking forward to read all your posts. Keep sharing.

Jack Wilson

[Admin]

Thanks for sharing the information mark. I think you have a lot of knowledge to share. I am looking forward to read all your posts. Keep sharing.

Jack Wilson

Please uses the Thank you button, those thank you threads are not very welcome here