At its core, an annuity is a financial arrangement in which one party agrees to make a series of payments to another over time. While annuities are most commonly contracts between an individual and a life insurance company, they can also be issued by a charity or a trust in place of the insurer.
There are many categories of annuities.
They can be classified by:
✔ Nature of the underlying investment – fixed or variable
✔ Primary purpose – accumulation or pay-out (deferred or immediate)
✔ Nature of pay-out commitment – fixed period, fixed amount, or lifetime
✔ Tax status – qualified or nonqualified
✔ Premium payment arrangement – single premium or flexible premium
These videos are intended for educational use only. We work with many of the leading insurance carriers and will take the time to assess your individual needs. Based on your situation, we can present a range of products and plans from top providers for you to choose from.
Buying An Annuity
Questions to Ask When Purchasing a Fixed Indexed Annuity
Patti Amato
Insurance Broker
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