Annuity

RECENT NEWS
Reuters  May 23  Comment 
Britain's Legal & General Group said on Monday it will buy 3 billion pounds ($4.4 billion) of annuity liabilities from Dutch insurer Aegon .
MarketWatch  May 18  Comment 
There’s a case to be made for the approach
Motley Fool  May 15  Comment 
If you don't have any pension income coming to you, you might consider buying an immediate annuity. It's kind of like buying yourself a pension.
The Australian  May 3  Comment 
Challenger chief Brian Benari will be feeling a lot better than many of his financial services industry colleagues today.
NPR  Apr 27  Comment 
An annuity can be a smart retirement investment for many people, providing a steady income for the rest of your life. But they can be overpriced, opaque and hard to understand. Here's the 411.
Mondo Visione  Apr 21  Comment 
The Financial Conduct Authority has today published a consultation on its proposed rules and guidance for the secondary annuity market. In March 2015 the Government announced that it would extend the pension freedoms to those who had already...
The Times of India  Mar 28  Comment 
Finance Minister Arun Jaitley, in line with his vision of creating a pensioned society, took two steps in this direction in the Budget. He allowed withdrawal of 40% of the NPS corpus on maturity without any tax.And he waived off the service tax,...
Motley Fool  Mar 27  Comment 
These insurance products often come with hefty fees.
Motley Fool  Mar 20  Comment 
Only certain circumstances allow rollovers. Find out what they are.




 
TOP CONTRIBUTORS

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.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki