1. 16470 POINTS
    David Osgood
    Agent, Rural Mutual Insurance Co., Union Grove, WI
    There are many financial institutions and insurance companies that offer this sort of product. If you have a local agent for you home and auto coverage, call them. Your local agent may handle annuities currently and they will be able show you the pros and cons of what he would have available and if he/she does not handle these they may be able to refer you to someone that does.
    Answered on May 15, 2013
  2. 4330 POINTS
    Jerry Vanderzanden, CLU, ChFC
    Co-Founder, Coastal Financial Partners Group, California
    Life insurance companies offer annuities as well as life insurance though not all aggressively promote their annuity products to the public. Some insurers specialize in annuities of various types. It is a good idea to wok with an independent insurance professional with broad access competitive annuity companies since rates can change rapidly, often weekly.
    Answered on May 15, 2013
  3. 0 POINTS
    David RacichPRO
    Fountain Hills, Arizona
    Life insurance companies offer a variety of annuity products that are carry inherent tax favored treatment. Tax deferral of policy gain is chief among the tax advantages of annuities. There are a variety of crediting methods used in annuities: interest rate, indexed and equity subaccounts.
    Answered on May 21, 2013
  4. 5082 POINTS
    J Paul Wilson CFP, CHFC
    Certified Financial Planner, JPW Insurance Retirement Investments, Halifax, Nova Scotia, Canada
    Payout Annuities can be either term certain or life annuities.

    Term certain annuities - in exchange for a lump sum premium you receive a guaranteed income stream for a specified term after which the income stops. For example 10, 20, 25 years to to age 90. These type of annuities are issued by numerous financial institutions including: insurance companies; banks and trust companies.

    Life annuities - in exchange for a lump sum premium you receive a guaranteed income for your lifetime. They also can be issued on a joint life basis. There are also numerous guarantee options available that guarantee a certain payout total amount. These type of annuities are issued only by life insurance companies.

    If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.

    If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.
    Answered on June 26, 2014
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