When you mention the term, "annuity", it typically conjures up thoughts of getting a small check in the mail every month from some insurance company. It is viewed as an income. The vast majority, however, of annuities are of the "deferred annuity" variety. They are accounts designed to grow money over a period of time in a safe environment. Over 90% of deferred annuities are … [Read more...]
Different Types of Annuities
There are several different types of annuities available for investors. Each one has different features and meets different investment needs. The two major types of annuities are fixed and variable. A fixed annuity offers a fixed rate of return over a period of years, while a variable annuity's rate of return changes, depending on how well sub accounts … [Read more...]