Annuity

Fixed Annuities The idea of a fixed annuity is that you give a sum of money to an insurance company, and in exchange they promise to pay you a fixed monthly amount for a certain period of time, either a fixed period or for your lifetime (the concept of 'annuitization'). So essentially you are converting a lump sum into an income stream. Whether you choose period-certain or annuitization, the payment does not change, even to account for inflation. If a fixed-period is chosen (also called a period-certain annuity), the annuity continues to pay until that period is reached, either to the original investor or ... Read Full Story

Annuities An annuity is an investment vehicle sold primarily by insurance companies. Every annuity has two basic properties: whether the payout is immediate or deferred, and whether the investment type is fixed or variable. An annuity with immediate payout begins payments to the investor immediately, whereas the deferred payout means that the investor will receive payments at a later date. An annuity with a fixed investment type offer a guaranteed return on investment by investing in government bonds and other low-risk securities, whereas a variable investment type means that the return on the annuity investment will depend on performance of the funds (called sub-accounts) ... Read Full Story

Wikizines are interactive magazines that anyone can create or edit - and this one is called "Annuity". Here you can find fresh voices and respond in real time. Some members write articles about recent news and trends related to the wikizine's topic, others recount relevant personal stories or share their favorite pictures and video clips. Got an interesting idea or story to share with other members of this wikizine? Well, then put on your journalist's cap and add your own article! Read Full Story