Annuities

what is a spia

What Is a Single Premium Immediate Annuity (SPIA)?

A single premium immediate annuity, or SPIA, is a type of annuity that offers the annuitant a guaranteed stream of income. It is a contractual arrangement between the annuitant and an insurance company that can immediately take effect following a lump-sum payment. Annuitants can receive regular payments as soon as 30 days following the purchase …

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annuity payout options

Annuity Payout Options

Are you looking for information on annuities and would like to learn more about how you can use them to your advantage? Annuities are effective tools for generating a steady stream of income even when you’re retired. It accumulates earnings through a tax-deferred method until the time you make a withdrawal.  However, most people won’t …

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deferred annuity

What is a Deferred Annuity and How Does it Work?

A deferred annuity is a contract with an insurance company that’s designed to generate income for retirement. The main difference between a deferred annuity and an immediate annuity is that while the latter starts monthly or annual payments immediately, with a deferred annuity investors have the option to delay payments indefinitely.  During this time, any …

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annuity beneficiaries

What You Need to Know About Annuity Beneficiaries

Annuities allow people to receive steady payments after they retire. These payments can be sizable, especially if the annuity has been given ample time to mature. Besides regular payments, annuities also grow despite how the markets perform, unlike pension funds or 401Ks. In short, annuities benefit their owners in more ways than one. However, many …

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annuity rates

What Are Annuity Rates and How Are They Set?

You’re preparing for retirement and wondering if you should invest in annuities. These insurance products are investments designed to bolster your retirement in order to provide you with a regular, guaranteed income for the remainder of your life.  Annuities can be a great investment, however, purchasing them should not be taken lightly. There are multiple …

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how annuity helps fund retirement

4 Signs an Annuity Can Help Fund Your Retirement

If you’re starting to plan for your retirement, chances are you’ve probably thought about purchasing an annuity. More and more people are looking to annuities as pension plans are no longer viable sources in most places of work. Annuities can be used with your social security and any other retirement savings you have. It’s a …

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