How Are Annuities Structured?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaAnnuities can be categorized into two types: deferred and immediate. Immediate annuities provide income and can have a future date to begin distributions, including life time income you can’t outlive. Deferred annuities accumulate tax deferred, a tax advantaged feature for long term annuities. Deferred annuities can offer fixed interest, indices (both domestic and foreign) and separate sub accounts featuring access to market equities and bonds (variable annuities, a security.)Answered on June 5, 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, CaliforniaAn annuity converts a sum of money into a lifetime stream of income. The Internal Revenue Code allows money accumulated in an annuity to defer income tax. These two features have given rise to many alterations that meet the specific needs of certain people. Some annuities have become amazingly complex.Answered on August 13, 2014flag this answer
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