Many people turn to annuities to help provide additional retirement income. After maximizing the amounts you are allowed to put into your 401(k), 403(b), SEP and IRA(or Roth IRA) you may consider investing in such plans. There is no limit to the amount of money you can invest in these plans. What really are they, and how do they work?
These investment plans are sold mainly by life insurance companies. You give them a certain amount of money, either in one lump sum or in multiple installments, then at a predetermined time they pay you an income. This income may be paid to you monthly, quarterly, half yearly or yearly. The two basic types of plans are Fixed and Variable.
There are many options to choose from. Here are some of the finest available plans. Compare Plans!
Fixed plans are bought for specific periods of time, for example 5 years or 10 tears, and they earn guaranteed rates of interest. Your money is accumulated tax deferred, but is taxed as income when you receive it. The insurance company guarantees that you never receive less than your principal.
You may decide to fund your plan over a period of years. Your installments may be fixed or flexible. you can decide to put predetermined amounts into your plan each month or put the money in whenever you feel like it. Your money is accumulated income tax deferred. Upon receipt of your income or lump sum, say at retirement, you pay the taxes. Unlike IRA's you can put as much money as you desire into the plan.
Recently got a lump sum in cash? It is usually best to take it in the form of an Income that you cannot outlive. Don't you agree? Compare Plans!
Home Retirement Planning Variable Life Insurance Quote Whole Life Insurance Explanation Universal Life Insurance Quote 5 Year Term Life Insurance 10 Year Term Life Insurance 15 Year Term Life Insurance 20 Year Term Life Insurance 25 Year Term Life Insurance 30 Year Term Life Insurance Affordable Life Insurance Rate Viatical Settlements Return Of Premium Life Insurance Life Insurance Settlement Affordable Life Insurance Term Life Quote Whole Life Insurance Policy Term Insurance Quote Affordable Term Life Insurance Universal Life Insurance Quote Disability Insurance Quote Whole Life Insurance Comparison Instant Term Life Insurance Quote Universal Life Whole Life Insurance Rate Permanent Insurance Selling A Life Insurance Policy No Exam Life Insurance Mortgage Protection Insurance Instant Term Life Insurance Term Life Insurance Quotation Cheap Life Insurance Affordable Life Insurance Policy
Get up to $1,000,000 term life insurance no medical required.
Death proceeds from 10 year life insurance can be in lump sum form or incomr form
Term life insurance is life insurance in it's simplest form. These policies stay in force for a specific number of years, for example, 5 years 10 years etc.
Shop And Compare Term Life, Whole Life And Universal Life Insurance Rates From A Highly Rated Carrier
Life insurance hub is a service dedicated to assisting you in understanding life insurance quotes and how to apply them to your personal life insurance needs.