Investments: Characteristics Of
Annuities
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An insurance company agrees to pay an income for a specified period of time, sometimes for life, in return for a single or multiple premiums. If you receive an annuity for life, you cannot outlive your money. In a very real sense, you transfer the risk of living a long life to the insurance company. For unbiased information about annuities, see Annuities.
Variable Annuities are annuities in which the amount you receive varies depending on the investment option you choose. For unbiased information about variable annuities, see www.sec.gov/investor/pubs/varannty.htm
Before purchasing any annuity, consider the financial strength of the company as well as its history. If you can learn about the competence of current management, so much the better.
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