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Annuity

An annuity comes in many forms, but a simple definition is that an annuity is a contract that converts a sum of money into a series of periodic payments for an agreed upon period of time. An annuity can be thought of as a financial vehicle that converts a pool of money into a stream of income. Annuities are most useful in addressing the financial planning needs of people in or approaching retirement. Annuities are unique in the financial world because they can provide protection against the risk or outliving one’s assets (longevity risk) by guaranteeing income payments in perpetuity or any other selected amount of time. Annuities can be viewed as a type of personal pension plan. Social Security is similar to an annuity in that money contributed over the course of one’s working years is converted into a series of periodic payments that provide income during retirement.

Advance Designs Variable Annuity

Glossary: 
Annuity
Variable Annuity
Annuity Product Types: 
Variable Annuity
Company Offering: 
Security Benefit
Web Site: 
-
Phone Number: 
800-888-2461
Surrender Fees: 
7%
7%
6%
5%
4%
3%
2%
0%
Variable Annuity Fields
Minimum Premium Payment: 
10000
Maximum Premium Payment: 
1000000
Minimum Additional Premium Payment: 
500
Minimum Total Fees and Expenses: 
2%
Minimum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Maximum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Administrative and Contract Maintenance Expense: 
0%
Administrative Fee: 
$30
Minimum Investment Management Fee: 
1%
Maximum Investment Management Fee: 
2%
Ability to Select Asset Allocation: 
Yes
Total Number of Investment Options: 
63
Maximum Number of Concurrent Investment Options: 
63
Free Withdrawals: 
Yes
Free Withdrawal Limit: 
10
Waiver of Withdrawal Charges: 
Available
Guaranteed Death Benefit: 
Available
Are Loans Allowed: 
Yes
Are Telephone Transactions Allowed: 
Yes
Commissions (Maximum): 
7%
Key Phrases:
Glossary: 
Annuity
Variable Annuity
Annuity Product Types: 
Variable Annuity

Prudential Premier Variable Annuities for NY only B Series

Also see the product listing for Prudential Premier Variable Annuities for NY only L Series.

Also see the product listing for Prudential Premier Variable Annuities for NY only X Series.

Glossary: 
Annuity
Variable Annuity
Annuity Product Types: 
Variable Annuity
Company Offering: 
Prudential
Web Site: 
-
Phone Number: 
1-888-778-2888
Surrender Fees: 
7%
6%
5%
4%
3%
2%
1%
0%
Variable Annuity Fields
Minimum Premium Payment: 
1000
Maximum Premium Payment: 
1000000
Maximum Age at Start of Contract: 
85 years
Minimum Total Fees and Expenses: 
2%
Maximum Total Fees and Expenses: 
3%
Minimum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Maximum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Administrative and Contract Maintenance Expense: 
0%
Administrative Fee: 
$30
Minimum Investment Management Fee: 
1%
Maximum Investment Management Fee: 
2%
Ability to Select Asset Allocation: 
Yes
Total Number of Investment Options: 
76
Maximum Number of Concurrent Investment Options: 
76
Free Withdrawals: 
Yes
Free Withdrawal Limit: 
10
Waiver of Withdrawal Charges: 
Available
Guaranteed Death Benefit: 
Available
Are Telephone Transactions Allowed: 
Yes
Commissions (Maximum): 
7%
Key Phrases:
Glossary: 
Annuity
Variable Annuity
Annuity Product Types: 
Variable Annuity

Prudential Premier Variable Annuities B Series

Also see product listings for Prudential Premier Variable Annuities L Series.

Also see product listings for Prudential Premier Variable Annuities X Series.

Glossary: 
Annuity
Variable Annuity
Annuity Product Types: 
Variable Annuity
Company Offering: 
Prudential
Web Site: 
-
Phone Number: 
1-888-778-2888
Surrender Fees: 
7%
7%
7%
6%
6%
5%
5%
5%
Variable Annuity Fields
Minimum Premium Payment: 
1000
Maximum Premium Payment: 
1000000
Minimum Additional Premium Payment: 
100
Maximum Age at Start of Contract: 
85 years
Minimum Total Fees and Expenses: 
2%
Maximum Total Fees and Expenses: 
3%
Minimum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Maximum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Administrative and Contract Maintenance Expense: 
0%
Administrative Fee: 
$35
Minimum Investment Management Fee: 
1%
Maximum Investment Management Fee: 
2%
Ability to Select Asset Allocation: 
Yes
Total Number of Investment Options: 
76
Maximum Number of Concurrent Investment Options: 
76
Free Withdrawals: 
Yes
Free Withdrawal Limit: 
10
Waiver of Withdrawal Charges: 
Available
Guaranteed Death Benefit: 
Available
Are Telephone Transactions Allowed: 
Yes
Commissions (Maximum): 
7%
Key Phrases:
Glossary: 
Annuity
Variable Annuity
Annuity Product Types: 
Variable Annuity

Phoenix Investor's Edge

Glossary: 
Annuity
Variable Annuity
Annuity Product Types: 
Variable Annuity
Company Offering: 
Phoenix
Web Site: 
-
Phone Number: 
1-800-541-0171
Surrender Fees: 
8%
7%
7%
6%
0%
Variable Annuity Fields
Minimum Premium Payment: 
10000
Maximum Premium Payment: 
1000000
Minimum Additional Premium Payment: 
500
Maximum Age at Start of Contract: 
86 years
Minimum Total Fees and Expenses: 
2%
Maximum Total Fees and Expenses: 
6%
Minimum Mortality and Expense Risk Charge “M&E Fee”: 
2%
Maximum Mortality and Expense Risk Charge “M&E Fee”: 
2%
Administrative and Contract Maintenance Expense: 
0%
Administrative Fee: 
$35
Minimum Investment Management Fee: 
0%
Maximum Investment Management Fee: 
4%
Ability to Select Asset Allocation: 
Yes
Total Number of Investment Options: 
65
Maximum Number of Concurrent Investment Options: 
65
Free Withdrawals: 
Yes
Free Withdrawal Limit: 
10
Waiver of Withdrawal Charges: 
Available
Guaranteed Death Benefit: 
Available
Are Telephone Transactions Allowed: 
Yes
Commissions (Maximum): 
8%
Key Phrases:
Glossary: 
Annuity
Variable Annuity
Annuity Product Types: 
Variable Annuity

Thrivent Financial Single Premium Immediate Variable Annuity (SPIVA)

Glossary: 
Annuity
Variable Annuity
Annuity Product Types: 
Variable Annuity
Company Offering: 
Thrivent
Web Site: 
-
Phone Number: 
800-847-4836
Variable Annuity Fields
Minimum Premium Payment: 
5000
Maximum Premium Payment: 
1000000
Minimum Total Fees and Expenses: 
2%
Maximum Total Fees and Expenses: 
6%
Minimum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Maximum Mortality and Expense Risk Charge “M&E Fee”: 
1%
Administrative and Contract Maintenance Expense: 
0%
Administrative Fee: 
$0
Minimum Investment Management Fee: 
0%
Maximum Investment Management Fee: 
5%
Total Number of Investment Options: 
41
Maximum Number of Concurrent Investment Options: 
40
Free Withdrawals: 
Yes
Free Withdrawal Limit: 
100
Guaranteed Death Benefit: 
Available
Are Telephone Transactions Allowed: 
Yes
Commissions (Maximum): 
2%
Commissions (Minimum): 
0%
Key Phrases:
Glossary: 
Annuity
Variable Annuity
Annuity Product Types: 
Variable Annuity

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