annuity explained
Post on 19-Jan-2015
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DESCRIPTION
Annuities can be confusing. Different types of annuity offer different benefits. Watch this presentation to understand annuities better.
TRANSCRIPT
Annuities help protect you against outliving your resources
An annuity is a contract between you and an insurance company
You can utilize deferred annuity to accumulate money for future usage
There are a number of different annuity plans available for consumers
Each annuity has a pair of basic properties
One property is whether payout is immediate or deferred
Another property is whether returns are fixed (guaranteed) or variable
Some annuities are used to fund a tax qualified plan
While misunderstood, annuities are a very versatile product
An agent can assist you in your search for an annuity product
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