Annuities

ordinary annuity

What Is an Ordinary Annuity? Everything You Need To Know

Retirement planning is an extensive yet necessary step to take before leaving your working years. Many people are discouraged from planning their retirement because of the vast options they can choose from. With a lot to learn about retirement planning, it’s crucial to start at the most basic, which is annuities. Under annuities, you can …

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non-qualified annuities

Non-Qualified Annuities (Everything You Need to Know)

It’s no secret that in today’s marketplace, annuities are evolving. Most notably, there has been a massive shift from the traditional, qualified type of annuity to a more appealing, non-qualified variety. While this evolution is certainly integral to the current state of annuities, many investors are still wary to jump on board this trend. If …

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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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qualified vs non qualified annuities

Qualified Vs Non-Qualified Annuities

During retirement, annuities can be a great source of income, providing a way to schedule payments through a structured settlement. However, there is a difference between qualified and non-qualified annuities — if you have questions regarding the distinction between these two types, you’ve come to the right place.  What Are Annuities? Purchasing an annuity is …

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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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