There are plenty of options for managing your money.
To find out if an annuity investment will work for your financial situation then it is best to know about annuities in general.
Once you have enough information, you can then choose from the different types.
It is also a good idea to get an annuity quote from a professional agent.
Here are a few words, in question-and-answer format, to help you decide: What is annuity? It is an investment option.
It is known to be a safe and guaranteed way of managing your money.
Rates of return are guaranteed.
There are safety measures for tax deferrals and other losses.
Some of the reasons for choosing this type of investment are for retirement, as additional income stream, and as a stock market or certificate of deposit (CD) alternative.
What are the types of annuities? This is an important thing to consider.
There are different types with different risks and rewards.
Your annuity investment options are called: · Immediate and Deferred · Fixed · Variable · Equity-Indexed Here is a more detailed response to the question "What are annuities?" In annuity investments, the annuity owner is also called an investor.
An insurance company is where an investor makes his payments or contributions.
This payment could either be in a lump sum form or a series of many payments.
The money that you invest will not be taxed until the company starts paying it back.
This is what is meant by tax deferral.
The stream of level payments that an insurance company will then pay back to the investor will depend on the annuity quotes, the annuity rate, and the type of annuity that you invested on.