Income annuity is a term used to refer to immediate annuities. Income annuities come in many different forms (for example, payments from income annuities can be either fixed or variable), but the defining characteristics of income annuities include are that they are purchased with a single lump sum premium payment and the payouts commence shortly (within months) after the annuity has been purchased.
A common question is how annuities compare to other financial products that seem similar such as bonds, certificates of deposit (CD) and money market funds. After all, each of these products promises to provide some type of fixed return in exchange for your investment.
Looking at a simple life annuity can help answer this...
Jody Strakosch is the National Director for MetLife’s Retirement Products Group. In this role, Jody has a broad perspective on developments in the institutional space. In other words, Jody is intimately familiar with how in-plan accumulation and point of retirement annuities are evolving in the defined contribution arena.
The...
Jerry Golden--often referred to as the father of variable life insurance and variable annuities--has had a distinguished career as an innovator and...
