Skip to main content

Home/ hvytophepbkucodxwxhc/ Annuity
Andres Forbes

Annuity - 0 views

Annuity article tips

started by Andres Forbes on 13 Apr 12
  • Andres Forbes
     
    To understand the term "annuity" it's critical to know that it was derived from "annus", a Latin word which is a medium of investment similar to Certificate of Deposits. Annuity can simply be referred to as income.

    Taking it deeper, annuity simply refers to a sum of money that is paid once a year during the life of the beneficiary. Lots of people don't want to retire and not have money coming in, that's the major reason why they buy annuities.

    But don't forget that an annuity isn't the same thing as a life insurance or a health insurance policy. When you take a good look at annuity, it's also completely different from a savings account and a savings certificate.

    Don't invest in annuities if your intention is to get funds for short term goals; they are supposed to be for long term monetary goals. But anyone that desires a way of building and nurturing their wealth for the future should invest in annuities.

    Among the many types of annuities are fixed and variable annuities. Fixed annuity isn't the same as fixed interest; instead it's a minimum guaranteed interest rate on your premium.

    Variable annuity, on the other hand, is that type of annuity that the interest rates go up and down. Since annuities is a long term investment, it's important to learn all there is to learn about it before you go ahead.

    Finally, visit insurance websites and talk to insurance agents before making the ultimate buying decision.

    Agen Bola Online

To Top

Start a New Topic » « Back to the hvytophepbkucodxwxhc group