Annuity

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Financial Times  Nov 10  Comment 
Group increases defined benefit sales in wake of budget changes
The Hindu Business Line  Nov 9  Comment 
They have no exit route, so do the groundwork before signing up for an annuity policy
Financial Times  Oct 30  Comment 
British insurer says ‘discipline’ on new business paying off in its bottom line
Financial Times  Oct 29  Comment 
Sales of fee-based investment products rise 13%
Motley Fool  Oct 28  Comment 
Annuities can provide a steady stream of income for life but are not right for everybody. Here are a few situations where they may be a good choice for you.
Forbes  Oct 24  Comment 
Earlier today, the U.S. Treasury Department took an extremely important and welcome step to promote retirement income security.  Treasury issued guidelines to pave the way for employers who sponsor 401(k) and other defined contribution plans to...
DailyFinance  Oct 11  Comment 
Filed under: Personal Finance, Retirement Living, Retirement Plans, Annuities, Planning Alamy Annuities are among the most controversial products in the investment world, with proponents and critics fiercely disagreeing about their benefits and...
Clusterstock  Sep 17  Comment 
This post is sponsored by Fisher Investments.  Here is some free financial advice that is extremely valuable: If the investment you’re looking to buy carries a stiff penalty to sell, avoid it. Variable annuities, for example — it’s one...




 
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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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