noun
definition
A right to receive amounts of money regularly over a certain fixed period, in perpetuity, or, especially, over the remaining life or lives of one or more beneficiaries.
Examples of annuities in a Sentence
Immediate-income annuities allow for a payout soon after investing.
The country has a debt (1905), including capital, annuities and interest, of some £.3,400,000.
In all the provinces they are under the control of the federal government which acts as their trustee, investing the money which they derive chiefly from the sale of lands and timber, and making a large annual appropriation for the payment of their annuities, schools and other expenses.
These aggregated funds, needed to supply the immense and fertile valley of the Mississippi, and the annuities of the treasury destined to pay for the shares, were non-transferable.
However opting to take income drawdown means you give up the security that annuities offer.
A hundred years later, Gladstone wanted government annuities sold at every post office to encourage thrift.
Jan de Witt did some largely unpublished work on the price which should be charged by the State for granting annuities to people.
Payments under both these Acts were subsequently extinguished by the Tithe Act 1936 and replaced by terminable annuities.
Variable annuities are different, since the payments will vary according to the market value of your investments.
Annuities are an investment in a life insurance policy that offers steady lifetime payments after an initial investment.
Prudential provides several types of annuities, depending on your current and future financial needs.
Fixed annuities offer a fixed interest rate.
Variable annuities offer more risk but potentially higher payouts.
Modified guaranteed annuities provide tax-deferred earnings for a set period of time.
They are equipped to provide and manage investments in annuities, mutual funds, 401(k)s, 403(b)s, and much more.
Annuities are contracts issued by life insurance companies, and many provide a guaranteed death benefit for a spouse or beneficiary.
Deferred annuities grow tax deferred; so investors pay no taxes on earnings until they withdraw the money.
Some annuities carry penalties on early withdrawals.
These online planners forecast post-retirement income including Social Security, pensions, and accounts such as trusts and annuities.
Consider rolling some funds into annuities or bonds for stability.
As you review all your potential sources of retirement income, including savings, investments, annuities, and potential Social Security benefits, look at the areas that are the weakest.
The company's financial services and products include long-term savings plans, annuities, mutual funds, pensions, and administrative services.
Farmers Financial Solutions, LLC- This company's offerings include a variety of financial products, such as mutual funds, annuities, and life insurance plans.
They specialize in life insurance, auto and home insurance, and business insurance, as well as college savings plans, annuities, and mutual funds.
In some states, insurers can combine traditional products like annuities and life insurance with a rider designed to cover a part or the entire cost of long term care.
Along with their insurance plans and products, The Hartford is also a leading provider of investment products including annuities, mutual funds, and college savings plans.
Money invested in stocks, bonds, mutual funds, life insurance policies, mortgage life insurance, annuities or municipal securities, even if they were purchased through an FDIC insured bank or savings association.
Fixed and Variable Annuities - The annuities offered by IDS can help you build a retirement portfolio that offers deferred tax benefits.
Torchmark provides life insurance, supplemental health insurance and annuities, and is a publicly traded corporation on the New York Stock Exchange.
American Fidelity insurance is offered through American Fidelity Assurance Company and includes life insurance, annuities, and more.
Just about all types of financial institutions sell annuities, but again, the underwriting of these products is the work of insurers.
The structure of annuities do resemble other products sold by insurers in that actuarial math is part of what determines the duration of the contract, along with the dollar amounts involved.
The interest paid on annuities comes from the proceeds of the insurer investing the annuity balance in other investments.
Annuities are a popular investment choice among people approaching retirement who are concerned about whether they've saved up enough money.
They choose annuities as a way to guarantee cash flow for their retirement years.
The punch line becomes funny once you know that annuities are not intended to be used as inheritances.
Just like there are many different types of bonds, retirement plans and insurance products, so too there are many different varieties of annuities.
Some annuities are set up to continue monthly payments to the investor until that individual's date of death.
Other annuities have specific maturity dates and if the investor passes away before the maturity date, the nearest surviving relatives or stated beneficiaries may have the ability to claim the remaining payments.
A relatively newer class of annuities incorporates features resembling those of stock options and exchange traded funds.
Index annuities pay an interest rate based on the annual growth rate of a particular stock index.
Despite the promise of guaranteed cash flow, most annuities are worthy of caution.
Many financial advisers love to sell annuities to clients because the issuers usually pay very generous commissions.
The loss of that money, combined with the fact that the value of annuities runs out upon maturity, are good reasons to seek other types of investment products.
If you are concerned about making your retirement savings last throughout your life, annuities might be a reasonable choice, but be sure to research everything there is to know about what are annuities before buying anything.
Understanding how an annuity works requires that investors are familiar with annuities ratings.
It is important that individuals who have chosen to invest in annuities understand the different ratings and what they mean.
Understanding annuities ratings is very important for anyone who is interested in using an annuity as a means to earn additional income.
The bonus rate is an optional rate that individuals can have added to their annuities.
The renewal rate is the rate that the insurance company will continue to offer annuities at in the future.