Annuity

RECENT NEWS
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...
Financial Times  Jul 19  Comment 
Insurer’s shares have fallen a fifth since vote to leave EU
The Economic Times  Jul 19  Comment 
Under the hybrid model, 40 per cent of the project cost is borne by the government and the remaining by the developer.
Motley Fool  Jul 18  Comment 
These easy-to-understand insurance products can be useful in the right situations.
Motley Fool  Jul 17  Comment 
Cut through the confusion to get simple answers with this complex investment.
Motley Fool  Jul 15  Comment 
Don't let these attractive offers trap you.
The Times of India  Jul 13  Comment 
Noting recent positive trends in the Indian highways sector, American investment banking firm Jefferies on Wednesday said there was an increase in bids under the government's hybrid annuity model for roads building.
newratings.com  Jul 12  Comment 
THE HAGUE (dpa-AFX) - Aegon NV (AGN.L, AEG), in an update on UK Annuity Book Divestments, confirmed that the disposals are proceeding as planned, with the market and underwriting risks transferred to the counter parties. In line with earlier...
CNNMoney.com  Jul 6  Comment 
I'm considering buying an annuity for retirement income, but I'm wary of doing so because I'm afraid interest rates will rise soon. What do you think -- should I go ahead and buy now or hold off until after rates go up?--Greg, Oklahoma
Motley Fool  Jul 3  Comment 
Annuities can deliver (nearly) guaranteed fixed income streams that can make your retirement more secure. Learn more about them.




 
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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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