What Do Annuity Agents Do?

Annuity agents sell different types of annuities, which provide for future regular payments or a lump-sum payout to the holder of the annuity. The client pays the annuity company, and then starts receiving payments after a predetermined period.

Selling

The main task of an annuity agent is to sell. They often begin by selling to people they know, though they might sell to strangers as well.

Products

Annuity agents usually sell an entire line of annuity products. They try to have something they can sell to everybody. Annuity agents often also sell insurance.

Company

An annuity agent represents an insurance company or another entity selling annuities. Agents are likely to sell a certain company's offerings, though they sometimes might offer a wider range.

Meetings

Annuity agents meet clients face to face, by email and by phone, to help them decide which annuity to purchase. They might meet at their own office or at the client's location.

Pay

Annuity agents are paid by commission the majority of the time. Some also have salaries.

References

• Annuity Fyi.com: Annuity Basics
• Annuity Commissions.com
• Annuity Quote Online.com: Annuity Agents

Resources

• Investor Words.com: Annuity