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Why Invest in Annuities?
Information on Selling Annuity
What Is Tax-Sheltered Annuity?
What Is Fixed Annuity?
What Is an Annuity?
What Is an Immediate Annuity?
What Is Structured Settlement Annuity?
What Are Reverse Annuity Mortgages?
Different Annuity Rates
How Does an Annuity Work?
Benefit of Underwriting Annuities
What Is an Equity Index Annuity?
Annuity Broker Job Description
How a Tax-sheltered Annuity Plan Works
Strategy for High-Interest Annuities
Best Annuity Companies
What Is a Variable Annuity?
Annuity Marketing Basics
Top Annuity Producers
CD vs. Annuity
Variable Annuity Drawbacks
Annuity Selling Systems Review
Best Pension Annuity Rates
What Is a Tax-Sheltered Annuity?
What Is a Variable Annuity?
What Is the Formula for an Annuity?
An annuity is an insurance instrument that insures retirement. Learn about annuities with information from… More
An immediate annuity allows someone to receive money in an income stream that fits into their budget. Lear… More
Annuities work through accumulation and distribution periods. Discover the phases of annuities with tips f… More
A fixed annuity has a fixed rate of return and is not tied into the market. Invest in fixed annuities with… More
When buying an annuity, find out who is being dealt with, how much can be given to a contract, when the co… More
AIG made headlines when it announced that it was having financial problems. Hartford has been on unstable … More
An annuity is an insurance contract that pays out a regular income after the policy reaches maturity. Many… More
Fixed annuities are a popular investment option for many people's retirement planning, since they are low … More
Someone becomes a top annuity producer by working with compliant insurance companies. Become a top annuity… More
In most states, an exam must be passed in order for a person to sell an annuity as a licensed agent. Find … More
Variable annuities take mutual funds and surround them with life insurance. Learn about variable annuities… More
Summary: Annuities work through accumulation and distribution periods. Discover the phases of annuities with tips from a registered financial consultant in this free financial planning video.
Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and...read more
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"This is financial planner Patrick Munro checking in with you today about how does an annuity work? An annuity is, got several phases to it. First we have the accumulation phase, where you put money into the instrument, or vessel as we call it. So, if you have a vessel and you put money into it, that is going to accumulate, in this case tax deferred. The government has set it up so that you don't have to pay taxes up to age 70 and a half on the accumulation of that vehicle. Then of course, we have the distribution period. Once you're ready to take income from your annuity you can turn on an income stream through an immediate annuity then your deferred annuity becomes an immediate annuity over a period of ten years, twenty years, or for your entire life. However if you choose a ten year, your check will be higher on a monthly basis, the twenty year, it'll be mid range, and of course it's a lower amount if you choose it for a lifetime payout. The benefit of the lifetime payout if you have genes in your family that last a long time, you can end up receiving more money than the insurance company has had on deposit. So there's varied selections that you have there that's for your annuity. This is Patrick Munro, financial adviser."
eHow Article: How Does an Annuity Work?
Meet Mark P Cussen, CFP, CMFC eHow's Personal Finance Expert.
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