Fixed annuities are income producing financial instruments purchased through a
life insurance company
or other financial organization.
You turn over a certain amount of money and in return the life insurance company pays you a guaranteed income beginning immediately or at a specific time in the future.
These annuities guarantee a minimum interest rate.
You can turn over this money to the insurance company in one lump sum or you may accumulate it over a period of years on a tax deferred basis. You pay the taxes when you receive the income.
Should such an annuity be part of an IRA or 401(k) plan you may qualify for tax relief on the amount contributed to the plan.
Recently got a lump sum in cash? It is usually best to take the money in the form of an Annuity that you cannot outlive. Don't you agree? Compare Annuity Investment Plans!
As it is more than likely, if you receive this annuity payment at retirement, that the payment will be less than the income you earned before retirement the amount of income taxes payable would be at a lower rate.
Income derived from fixed annuities can be paid as follows...
Many of these plans restrict early withdrawal from your annuity fund during the accumulation years by charging a fee if you should do so. In the latter years, however, there is usually no charge. You also have to pay income taxes on any withdrawal made from your fixed annuities.
There are many Annuity options to choose from. Compare Quality Plans from Quality Companies for Free and Save. Compare Annuity Investment Plans!
Home Fixed Annuities Retirement Planning Annuities Annuity Variable Annuities Accelerated Death Benefit Accidental Death Benefit Affordable Life Insurance Quote Beneficiaries Of Unclaimed Life Insurance Best Life Insurance Policy Best Term Life Insurance Quote Best Term Life Insurance Rate Burial Insurance Business Life Insurance Buying Life Insurance Buy-Sell Agreements Buy Term Life Insurance Cashing A Life Insurance Policy Charitable Giving Cheap Life Insurance Cheap Online Life Insurance Quote Compare Term Life Insurance Quotes Decreasing Term Life Insurance Quotes Definition Of A Universal Life Policy Definition Of Term Life Insurance Disability Insurance Dividends Estate Planning Explanation Of Term Life Insurance Family Protection Financial Planning Affordable Term Life Insurance Incontestability Increasing Premium Term Life Insurance Individual Disability Insurance Cheap Term Life Insurance Insurance Commissioners Websites Key Employee Life Insurance Joint Term Life Insurance Lapsed Life Insurance Policies
Speak with a Licensed Agent:
I recently did some research on the development of the 30 year term insurance policy over the years. What I learned was quite interesting.
Want to buy some life insurance no exam required? It is much easier to get than most people think.
Shop And Compare Term Life, Whole Life And Universal Life Insurance Rates From A Highly Rated Carrier