The Important Thing About Annuities
June 13th, 2011
An annuities is any stream of pre-determined payments over a selected interval with the only kind being a right away pay annuity. Annuity will not be actuarially sound as payment spans a period of 10 years and life expectancy is 5 years. They are paid for a term of years, regardless how long the donor lives which makes an annuity not a short-term investment choice. It is an funding automobile between you and an insurance company as a agreement between the customer and the insurance firm. Annuities are neither a health insurance nor a life insurance coverage, but an insurance contract that insures retirement that pays out revenue, and can be utilized as part of a retirement strategy.
Entry Filed under: Investing