How to Purchase an Annuity

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When buying an annuity, find out who is being dealt with, how much can be given to a contract, when the contract is due, and how much money can be expected to come back from the contract. Learn about controlling annuities in today's marketplace with help from a licensed insurance agent in this free video on retirement planning and personal finance.

Part of the Video Series: Retirement Planning
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Video Transcript

Hi, my name is Bill Rae. I'm a licensed agent and I've been in the finance field for well over two decades and the question is how to buy an annuity? Well, let me first start this way. To eliminate any fear we have, let's take the word annuity and replace it with the word contract. When you sign a contract, you're surely going to know what it is you're signing aren't you? That's how we should buy an annuity. Let's look at the contract. Let's find out who we're dealing with, how much we're going to give to that contract, when do we expect that contract to be do and when are we going to get our money back and today's environments, there are lot of different annuities out there. Unlike the past, we only had one or two different options. Today's marketplace give you the consumer great deal of control over your money including how much you're going to get back, when you're going to get back and how long you're going to hold on to that money. My name is Bill Rae and I'm helping you build wealth.

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