Annuity Insurance

Below you will find annuity insurance products offered by a variety of life insurance firms. The type of annuity insurance you choose depends largely on your personal situation and your financial goals. There is also the element of guarantee in annuity insurance – do you want a fixed return or variable? If you are entirely new to annuity insurance and are not sure where to begin, you can use the chart below to look at basic features and then check the Information Library for a more detailed introduction. Taking an annuity is another way of making sure you receive a form of income giving yourself and your loved ones something to rely on. A good insurance firm should discuss the details of each annuity insurance product with you in detail – and answer all your questions fully.

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COMPANYPOLICY

POLICY

Annuity insurance policy

COST

COST

Cost of policy

DEDUCTIBLE

DEDUCTIBLE

What is deductable from policy

COVER

COVER

Details of cover available

UNDERWRITER

UNDERWRITER

The company which underwrites the insurance

METHODS

METHODS

Method of application

PAY MONTHLY

PAY MONTHLY

Option to pay monthly available

COVER

COVER

Details of cover available

RESTRICTIONS

RESTRICTIONS

Restrictions for applicants

MORE INFO

Online Insurance Advisor
Online Insurance Advisor

Fixed Annuity/Equity Index Annuity/Variable AnnuityDependent on providerVariesType

Cover Type

Fixed, Equity Index, Variable


Level

Cover Level

Income Stream/Savings/Alternative to CD


Detail

Cover Detail

1. Fixed Annuity
2. Equity Index Annuity
3. Variable Annuity

Dependent on providerOnlineYesDependent on providerRestrictions

Restrictions

Apply and you will receive a call back.

Online Insurance Advisor
Annuities allow you to accumulate tax-deferred funds for retirement and then, if you desire, receive a guaranteed income payable for life or for a specified period of time. Annuity will protect your assets from creditors. Online Insurance Advisor provides you with annuity insurance to help protect you against outliving your assets in a need-income stage of life. Annuities allow you to accumulate tax-deferred funds for retirement and then, if you desire, receive a guaranteed income payable for life or for a specified period of time. DETAIL INFORMATION >>Services

Services

Objectives.
1. Income Stream.
2. Savings.
3. CD Alternative
4. Stock Market Alternative


Advantages

Advantages

1. You can select annuity payouts for a set period of time or continue for your lifetime. With some options, a beneficiary can be designated to receive payments upon your death.
2. Online application.
3. Annuity will protect your assets from creditors.


Disadvantages

Disadvantages

1. The website has limited information on it.
2. You can not obtain fees and deductible until you have applied

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Compare Annuity Insurance

Annuity will protect you against outliving your assets in a need-income stage of life.

What is an Annuity?

An annuity is a contract between you and an insurer that is designed to meet retirement and other long-range goals, under which you make a lump-sum payment or series of payments. In return, the insurer agrees to make periodic payments to you beginning immediately or at a later date. Annuities allow you to accumulate tax-deferred funds for retirement and then, if you desire, receive a guaranteed income payable for life or for a specified period of time. Annuity will protect you against outliving your assets in a need-income stage of life. Social security pays retirement income for as long as you live, as do defined-benefit pension plans. But the only other source of income available that continues indefinitely is an immediate annuity.

What types of Annuities are available?

You will find that in general there are three types of annuities - fixed, indexed, and variable:

In a fixed annuity, the insurer agrees to pay you no less than a specified rate of interest during the time that your account is growing. The insurer also agrees that the periodic payments will be a specified amount per dollar in your account. These payments can last for a long time, for example your lifetime. This type of annuity is great for people who are looking for tax-deferred growth and want a fixed rate of return.

Index annuities are insurance contracts that, depending on the contract, may offer a guaranteed annual interest rate and earnings potential that is linked to participation in the growth, if any, of an index or benchmark. This type of annuity may be suitable for people who are looking for tax-deferred growth and want a minimum interest rate guarantee but also like the idea of potentially being able to benefit from rising markets. Indexed annuity policies also state that the value will be no less that a specific amount, regardless of index performance.

With a variable annuity you can decide to invest your purchase payments from a variety of different investment options. The rate of return and the amount of the payments you will receive will vary depending on the performance of the investment options you have chosen.

How to find the right product for you

Taking the time to research and compare the market is paramount. Use the table above to find the right annuity insurance policy for you. When deciding on which insurer to go for always check every detail before you sign so you can be sure you are making the best decision for you. You should watch out for hidden administration fees where you can be charged for aspects like changing your information, cancellations and late payment fees. Some companies offer a no obligation period which gives you the chance to read through the policy and change your mind.

As with all insurance products ensure that you check the terms and conditions in detail before you sign up and if you are in any doubt then seek independent financial advice.

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