Get Some Valuable Tips to Help You Find The Best Annuity Rates
Across the United States with the down turn in the stock market annuities have become a major part of the retirement and investment planning for many Americans. However, annuities are designed to be long-term investments, to meet retirement and other long term goals. Annuities are not suitable for meeting short-term goals because substantial taxes and insurance company charges may apply if you withdraw your money early. Annuities also involve some investment risks, just as other investment products and this is why it is imperative that you work with a qualified financial professional to help you make the right choice for you.
Annuities are a contract created by you, the individual, and an insurance company. The insurance company agrees to make periodic payments to you, after a lump sum payment has been made. The payments can provide you with a solid stream of income that will continue even after you expire. Annuities have a unique feature in that it performs as both life insurance and an investment. Annuities offer tax-deferred growth on your interest and similar to life insurance, most include a death benefit that will pay your beneficiary a guaranteed minimum amount, such as your total principle or principle plus gains less any withdrawals.
But, how do you know if you are making a safe and profitable investment? How do your annuity rates compare?
Before you decide to buy an annuity, consider the following questions:
Fixed Indexed Annuities are almost out of the SEC's claws
Fixed Indexed Annuities might have been saved from Securities & Exchange Commission (SEC) regulation when the United States Congress accepted the Harkin Amendment in the "Restoring American Financial Stability Act of 2010."The Hidden Truth About Fixed Annuities Your Insurance Company Doesn't Want You to Know
Fixed annuities are often touted for their simplicity, but there's more to them than meets the eye. While they may not be as complex as their variable counterparts, there are certain aspects that your financial advisor might not be eager to disclose. This article aims to shed light on these hidden facets, providing you with a more comprehensive understanding of fixed annuities.How To Find The Best Annuity Rates Online
Are you curious about how to find annuity rates online? If you are new to the subject of annuities, then more than likely you are interested in findin...