Annuity

RECENT NEWS
Motley Fool  Aug 15  Comment 
High costs and complicated structures can lead people to make mistakes when buying an annuity.
Forbes  Aug 13  Comment 
How are different types of annuities priced? It’s not as hard as you might think , as the basic recipe requires just three ingredients:
Financial Times  Aug 11  Comment 
Companies are trying to compete in a business that has had the roof blown off it by the chancellor
Financial Times  Aug 11  Comment 
Just Retirement and Partnership to combine after new pensions freedoms hit sales
New York Times  Jun 19  Comment 
A guaranteed income for life that can increase may sound too good to resist, but investors should be certain they understand the terms and the costs.
Mondo Visione  Jun 18  Comment 
The National Association of Pension Funds (NAPF) has today (Thursday) published its response to HM Treasury’s consultation Creating a Secondary Annuity Market. In its response, the NAPF expresses concern that the creation of a secondary...
TheStreet.com  Jun 10  Comment 
NEW YORK (MainStreet) -- Annuities can be an effective tool to trigger a lifetime stream of income in retirement, yet buying the insurance product is a process complicated by conflicts of interest and “kickbacks.” That said, for retirees...
Wall Street Journal  Jun 7  Comment 
Agents can earn exotic trips and other perks for selling these tax-deferred investment products. Here is what you need to know if you’re considering a purchase.
Motley Fool  Jun 4  Comment 
Often, annuities promise more than they can deliver.
Financial Times  May 26  Comment 
Providers have been hit by changes to pension rules but they are not finished yet




 
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A financial product sold by financial institutions that is designed to accept and grow funds from an individual and then, upon annuitization, pay out a stream of payments to the individual at a later point in time. Annuities are primarily used as a means of securing a steady cash flow for an individual during their retirement years.

Annuities can be structured according to a wide array of details and factors, such as the duration of time that payments from the annuity can be guaranteed to continue. Annuities can be created so that, upon annuitization, payments will continue so long as either the annuitant or their spouse is alive. Alternatively, annuities can be structured to pay out funds for a fixed amount of time, such as 20 years, regardless of how long the annuitant lives.

Annuities can be structured to provide fixed periodic payments to the annuitant or variable payments. The intent of variable annuities is to allow the annuitant to receive greater payments if investments of the annuity fund do well and smaller payments if its investments do poorly. This provides for a less stable cash flow than a fixed annuity, but allows the annuitant to reap the benefits of strong returns from their fund's investments.

The different ways in which annuities can be structured provide individuals seeking annuities the flexibility to construct an annuity contract that will best meet their needs.

All annuities have a free look period, a death benefit, guarantees, and annuitization options. Most have surrender periods.

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