How Do Fixed Income Annuities Work?

1. 

   37376 POINTS

   

   Contact David G. Pipes, CLU®, RICP® Contact David G. Pipes, CLU®, RICP® by filling out the form below

   Name
   

   Email
   

   Phone Number
   

   Message
   

   Please leave this field empty.

   Δ

   Contact Me

   view profile
   David G. Pipes, CLU®, RICP®PRO

   Business Development Officer, T.D. McNeil Insurance Services, Fresno, California

   A fixed income annuity is a contact with a life insurance company.  In exchange for a sum of money the company promises to pay a monthly income to you for the balance of your life.  The first major variation of this contract is a deferred fixed income annuity.  The difference is that the sum of money is not applied immediately but deferred until a later date.  There are many other variations of an annuity to include payments that are guaranteed for a specified period of time or payments that last through the lifetime of two people.

   Answered on August 20, 2014

   +0

   1 0

   +1 this answer

   flag this answer

   view more answers by David G. Pipes, CLU®, RICP®
Did you find these answers helpful?
Yes
No
Go!

Add Your Answer To This Question

You must be logged in to add your answer.