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What is an annuity insurance
What is an annuity insurance
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What is an annuity insurance

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All about annuity insurance

All about annuity insurance

Published in: Economy & Finance, Business
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  • 1. What is an Annuity Insurance? By The Annuity Report 2011 What is an Annuity Insurance
  • 2. Basic Concept: When you buy an annuity, you are essentiallyloaning your money to an insurance company, and theycontractually commit to give you a return on that money pluscertain guarantees.An Annuity is like buying insurance For your money- You buythe credit rating and claims paying ability of the Insurancecompany, and buy their contractual guarantee to give youback your money plus a rate of return.That sounds pretty simple, right? Well it is, to a point but…There are literally hundreds of Insurance Companies offeringAnnuities. There are more annuity varieties than BaskinRobbins flavors. Contractual obligations vary widely betweenproducts and companies. Often it is very hard to tell justwhat the annuity in question is, making a true apples-to-apples comparison very difficult without a base knowledge ofhow the products work.Our Five Critical Decision Tools section details the keyfactors you should understand about any particular annuitycontract, so you can make the best decision for your uniquesituation.As an additional note, annuities are an insurance product andas such are regulated by each state’s insurance commission,which proves to be an excellent resource for information onthe various companies and products available in your state ofresidence. Unfortunately, however, not all products areavailable in all states. What is an Annuity Insurance

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