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	<title>New answer on: Who Can Purchase Annuities?</title>

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		<title>By: Jim Winkler</title>

		<link>https://www.insurancelibrary.com/annuities/who-can-purchase-annuities</link>

		<dc:creator>Jim Winkler</dc:creator>

		<pubDate>Thu, 05 Jun 2014 20:20:19 +0000</pubDate>

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		<description><![CDATA[That is a great question! Annuities are considered to be life insurance products, but they have some notable differences. The first is that unlike insurance, there are no requirements as to your health to purchase one. The second is that in many cases, annuities are paid for in one lump sum, not in monthly increments. The third, and perhaps most important, is that anyone can purchase life insurance, but not everyone can buy an annuity. The reason is that there has to be a &quot;suitability&quot; for the sale - the removal of the cash to purchase the annuity can not put you into a position of financial difficulty, or it is not a &quot;suitable&quot;&quot; financial venture. A good insurance company would not allow , for example, a person with a net worth of $50,000 to purchase a $30,000 annuity, and probably would decline one for an even lesser amount, depending upon the person&#039;s financial state. Please consult with an agent, to see if an annuity is something that would work well for you. Contact me, if you would like more info. Thanks for asking!]]></description>

		

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		<title>By: David Pipes</title>

		<link>https://www.insurancelibrary.com/annuities/who-can-purchase-annuities</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Thu, 05 Jun 2014 18:28:10 +0000</pubDate>

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		<description><![CDATA[Since there isn’t a medical requirement, annuities can be purchased by anyone who has the money and the need.  People buy annuities as a part of a retirement plan in which case the entire cost may be tax deferred.  Others buy non-tax-qualified annuities because they want to accumulate money and defer taxes on the interest.  Annuities are even purchased to provide income to settle a law suit. ]]></description>

		

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		<title>By: Steve Savant</title>

		<link>https://www.insurancelibrary.com/annuities/who-can-purchase-annuities</link>

		<dc:creator>Steve Savant</dc:creator>

		<pubDate>Sat, 17 Aug 2013 19:14:10 +0000</pubDate>

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		<description><![CDATA[Anyone who is seeking  to defer earnings over a length of time, especially if they&#039;re in a high tax bracket. Tax deferred annuities have three basic crediting methods.: interest rates, index and separate sub accounts using equity and bond investments. Many conservative savers like fixed interest rate annuities because they generally pay more than CDs.]]></description>

		

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