What Are Annuities And How Do They Work?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaTax deferred annuities are mortality insurance products manufactured by annuity and/or life insurance companies. There are basically three crediting methods used in deferred annuities: interest rate crediting, indice crediting and separate sub account crediting.Answered on July 22, 2013+01+1 this answer
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37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaAnnuities are contracts that are written by insurance companies. They promise to pay a lifetime of income payments in exchange for a sum of money. From that basic idea there are many forms of annuities with features that apply to specific situations. If the contract is merely holding money the interest on the money is not subject to current income taxes.Answered on August 25, 2014flag this answer
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