Banks offer a variety of ways to save money. Annuities have been one of the most popular investment alternatives for a variety of reasons. This page offers essential annuity information and explains why banks offer annuities.
Annuities - Advantages and Disadvantages of Annuities
An annuity is a contract between the buyer and an insurance company. In general, the insurance company promises to do something with the buyer’s money. This page should serve as a general overview of annuities. After you understand the concept you can look into the various annuity types.
The Variable Annuity
A variable annuity is an annuity with exposure to investments. If a fixed annuity pays a fixed rate of return, a variable annuity pays a variable rate of return. Before making a final decision for or against a variable annuity, you should understand how they work.
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Thursday, October 15, 2009
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A fixed annuity helps stabilize the income from investments and is generally used by people who are preparing for retirement. A fixed annuity is an insurance contract that offers the individual. The income from a fixed annuity comes from investments made by the insurance company with money that you pay to the insurer. There are several options for the end of an annuity that should be discussed with your insurance company and financial planner before entering into a fixed annuity contracts. There are advantages and disadvantages to a fixed annuity but many people who are planning for retirements see the advantages outweigh the disadvantages.
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