Compare These Top Vendors for Annuities
Bank of America Merrill Lynch Offers Industry-Leading Retirement & Benefit Plan Solutions. Find Out How Our Vast Resources, Personalized Advice & Thought Leadership Can Help Your Employees Achieve Financial Wellness Today.
Directory of annuity insurance leads and annuity lead list providers. Review listings to find web-based resources offering pre-qualified annuity leads and annuity sales leads.
www.business.com/sales-and-marketing/annuity-lead-generation/Business directory to 401k rollover information and advice.
www.business.com/finance/401k-rollover/Source: /guides/annuities-basics-22250/
Annuities basics cover what an annuity is and how to purchase the best plan. Annuities are policies in which you put money and when you retire, the policy then pays you an income. Read More »
Source: /guides/pricing-and-costs-of-annuities-22406/
Pricing and costs of annuities includes money you pay to the administrator of the fund. These fees usually break down to service charge and maintenance fee and can mount up considerably. Read More »
Annuities
The annuities seller then invests the money and, under contract terms, must pay to you a series of fixed, periodic payments beginning at an agreed date for a period or, perhaps, as long as you might live. Annuities are useful for providing a stream of guaranteed income during retirement, much like a pension.
In this guide to annuities, you'll learn about:
1. The basic features of annuities.
2. Fixed vs. variable annuities.
3. Getting quotes on annuities.
4. Protecting yourself from annuities scams.
Learning more about annuities
Annuity providers are quick to say that annuities are best considered a source of income to complement others, like tax-deferred savings in 401(k) plans. Unlike private pension plans, however, they are far more flexible and can allow for greater amounts to be saved tax-deferred.Fixed vs. variable annuities
Most people who buy an annuity are seeking to reduce their involvement in investing and potential investment cycles. However, you can have it both ways. Fixed annuities provide a set return over a set period, but a variable annuity -- as the name implies -- varies in payout according to rising or falling values of the underlying investments, like stocks and bonds.Securities and Exchange Commission site on annuities for more on how fixed annuities work. Pay particular attention to the SEC page on variable annuities, and their various "caution" statements regarding these types of annuities. If you find the warnings hard to grasp, definitely get expert advice before buying variable annuities.
Getting the best deal on annuities
In general, any financial website or brochure you see offering annuities is simply reselling a product from a major provider. You should go directly to an insurance agent you trust to buy your annuity. Or, buy an annuity through a large financial institution, like a mutual fund seller.Don't be a victim of an annuities scam
As you can imagine, the idea of an older person sitting on a pile of cash to invest is incredibly tempting to thieves. Annuities scams are common and are relatively easy to detect (common sense helps a lot), but there are classic signs of an annuities scam for which you should carefully watch.excellent checklist of what annuities should -- and should not -- provide. Also, always look up your potential annuity vendor, an insurance company, at A.M. Best, which provides ratings of insurers' financial condition.
- Annuities are a tool, not a complete answer. If your concerns are long-term, take a look. If not, a 401(k) might be a better choice.
- Never buy an annuity under pressure. An ethical annuities provider will not force you to choose by a deadline to get a deal.
- Annuities, increasingly, come with provisions to pass on their benefits to heirs. Ask carefully about terms.
-
Get Multiple Quotes!
Briefly describe your project and get matched with the top vendors!
-
Tips & Advice for Annuities
Have you considered using annuities to help you avoid taxes? Or perhaps you want to use them to provide a source of income during your retirement? Regardless of what you expect to get from your insurance policy, you need to make sure that you choose an option that will provide the coverage that applies to you.
Annuities might offer a variety of benefits that can help you prepare for retirement. Some insurance plans, for instance, provide monthly payments after the insured party reaches a certain age. This provides money during a period of life when many people have to pinch their pennies. You might also receive your payment as a lump sum. This could help you avoid taxes that will eat into the amount of money that you save for your retirement.
Numerous companies offer insurance policies that could help you plan your retirement. By choosing an option that specifically matches your needs, you might find that you enjoy your retirement with fewer worries. Business.com can help you find the resources that you need to make an informed decision. The links that have been posted at left will take you to websites that offer information about insurance policies options for retirement savings.
