Annuity

RECENT NEWS
Insurance Journal  Sep 22  Comment 
Hartford Financial Services Group Inc. is working with JPMorgan Chase & Co. to see if the insurer can find a buyer for Talcott Resolution, the unit that includes U.S. variable annuities, according to people familiar with the matter. Apollo Global …
Forbes  Sep 14  Comment 
Wrestling with the choice of taking a lump sum or an annuity? Final Treasury Department rules give more flexibility as to how you can take your pension.
Insurance Journal  Sep 12  Comment 
Speaking at Foxdale Village Retirement Community in State College, Penn., Insurance Commissioner Teresa Miller urged consumers, particularly seniors, to take time to understand annuities in order to protect their retirement income. “Annuities...
The Hindu Business Line  Sep 12  Comment 
Welspun Enterprises on Monday has closed financing for the country’s first expressway project under the ‘Hybrid Annuity Model’ on Delhi-Meerut Expressway with the total cost of ₹841.50 crore. Of t...
The Hindu Business Line  Aug 28  Comment 
Company sold its annuity project Andhra Pradesh Expressway for ₹140 cr to Cube Highways
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.




 
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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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