Annuity

RECENT NEWS
Motley Fool  Aug 20  Comment 
Some annuities, such as indexed annuities and many variable annuities, are problematic, charging steep fees and/or carrying restrictive terms. Immediate or deferred fixed annuities, though, sport fewer drawbacks and are well worth considering.
Motley Fool  Aug 16  Comment 
The fixed index annuity is an increasingly popular choice among retirees looking for stable income. But you should understand some of the nuance of this instrument before signing a contract.
Motley Fool  Aug 15  Comment 
Thinking of getting an annuity? Make sure you understand how they work.
Motley Fool  Aug 11  Comment 
Has your employer offered you participation in a tax-sheltered annuity, also known as a 403(b) plan? Here's what you need to know.
Motley Fool  Aug 7  Comment 
It's a major conundrum -- though a good one to contemplate.
guardian.co.uk  Aug 6  Comment 
Annuities were compulsory until the then chancellor freed pensioners to do what they liked with their money. Today, the income from them is pitiful It’s not a line you’re likely to see often in the Guardian, but thank you George Osborne for...
Wall Street Journal  Aug 5  Comment 
A $2 billion charge in the second quarter adds to the layers of uncertainty around MetLife.
CNNMoney.com  Jul 27  Comment 
One financial adviser has recommended that I buy an annuity, but another says I shouldn't. How can I tell whose advice I should follow? --R.H.
Mondo Visione  Jul 19  Comment 
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Prudential Annuities Distributors, Inc. $950,000 for failing to detect and prevent a scheme that resulted in the theft of approximately $1.3 million from an...




 
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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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