2. IXRAYANNUITIES
As a tool for investment and financial security, the life insurance annuity has
been around for quite a long time. Annuities first started the ancient Roman Empire.
They were a way for Roman citizens to receive a yearly payment for their lifetimes or for
several years in exchange for a large upfront payment. Early roman annuities were often
given to Roman legionnaires as payment for years of faithful military service. (1) As time
passed, the modern life insurance annuity began to take shape.
In medieval times, lifetime annuities bought with a single initial premium
became popular among nobles for funding the constant warfare that was a fact of life
then. , records show that one of the most popular annuities of the medieval era was
called the tontine. (2) In this annuity the participants purchased a share in
an annuity pool, and then, in turn, received a lifetime annuity.
The payments were divided among surviving participants of the initial annuity pool.
Thus, as time passed, each participant would receive a larger payment. As the
participants died off, ever increasing payments would be made to them.
3. The payments were divided among surviving participants of the initial annuity pool. Thus, a
time passed, each participant would receive a larger payment. As the participants died off,
ever increasing payments would be made to them. The sole remaining survivor would reap
the
benefits of the remaining annuity principal. One of the oldest and longest lasting tontines
was the annuity called the State Tontine of 1693. It was started in the United Kingdom as a
way to pay
for its many wars with France.
The modern financial system started to develop. Dr. James Dodson of England formed the
Equitable Life Assurance Society of London in 1756. This was one of the first companies
formed to offer a modern form of life insurance annuity. (3) Dodson founded this company
and the annuity that it
offered to provide a form of insurance to persons of all ages.
The Equitable Life Assurance Society issued policies based on the assurance of fixed sum
on the surviving policyholder’s beneficiaries lives. The company issued policies for any te
for which the policyholders wanted to purchase the life insurance annuity. Premiums of
thisannuity were governed
by the age, lifestyle, and health of the policyholders seeking to enter into the annuity. Thes
basic
rules laid down the foundation of a distinguished modern life insurance annuity company
that still
4. (1) Annuity.com
(2) The Annuity Museum
(3) The Early History of the Annuity by Edwin
W. Kopf
Calrima Financial & Insurance Agency
Request a quote
IRA research – http://www.irajedi.com
Edwin W. Kopf, “The Early History of the Annuity,” Casualty Actuarial
Society
http://www.casact.org/pubs/proceed/proceed26/26225.pdf
“The Glorious History of Annuities,” Annuity.com
http://www.annuity.com/annuities/glorious-history-annuities
“History of Annuities,” Annuity Museum
http://www.immediateannuities.com/annuitymuseum/historyofannuiti
es/
“History of Annuities,” Save Wealth Financial
Sources:
6. Would you like an annuity that tracks the performance of the stock market?
Would you like an annuity that also helps to protect your principal when the
market declines? The fixed index or hybrid annuity could help you to cover
both of these objectives. This annuity has been called an equity
indexed annuity, fixed index annuity, and a hybrid annuity.
The hybrid annuity can offer:
* Some market risk protection
* Tax deferral
* A minimum interest rate guarantee
* Probate avoidance
* And guaranteed minimum income
payments for life.
8. Annuities – how can
one increase the
output?
How would you like to maximize annuity income? The
goal here is to help: Maximize Annuity Income
Already have an annuity?
If you already have
an annuity we can help you
understand what you
have. What are the features?
How would the features benefit
you?
9. ANNUITY BASICS educates you so you can make informed
decisionx. Generally, an annuity is tax deferred. The money in
an annuity grows tax deferred like a retirement account. As with an
IRA, (Individual
Retirement Arrangement – as named per IRS
document 590) the money in an annuity is ear-marked
for use after age 59 ½.
As such, annuities are not to be used without careful
consideration. Points to consider are:
* What are the surrender charges?
* How long you must I hold the annuity to get full value
or principal back?
* How will my annuity earn credits or interest?
All of these points are covered on this web site.
11. Contact us :
Our primary office is
located in the Prune yard
Towers:
1999 S. Bascom Ave,
#700
Campbell, CA 95008
Our mailing address is located in Downtown
San Jose:
123 E. San Carlos Street, #221
San Jose, CA 95112
You can reach us toll-free at 866-
589-9366
