Cons of Stand Alone Living Benefit
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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.
Indexed Annuities
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Top Reason to Buy an Annuity
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When all is said and done, what is the top reason to consider an annuity?
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Reverse Mortgages Need to be Viewed with More Objectivity
Reverse mortgages and annuities share some key similarities: Both financial vehicles have the potential to provide stable sources of income to retirees. Reverse mortgages and annuities both suffer from relentlessley negative coverage in popular financial media. As a result, reverse mortgages and annuities are largely misunderstood. Objective information and commentary are hard to come by. Even public officials who have responsibility for issues related to reverse mortgages struggle with the...
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Sheryl Moore on Fixed Indexed Annuities and the SEC Proposed Rule 151A
The Securities and Exchange Commission’s (SEC) proposed Rule 151A would change the securities status of indexed annuities from fixed insurance products to registered, securities products.
The proposed rule would have a significant impact on their entire industry landscape. SEC 151A would affect the way in which insurance companies develop...
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