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.

Structured Settlements and Annuities

Structured settlements are often a reference point for my friends and relatives who are involved in the legal profession. Conversations typically involve an acknowledgement of basic annuity awareness as a result of experience with structured settlements in a court of law.

Annuities and structured settlements do share a core similarity: they both can be used to convert a lump sum of money into a series of periodic payments that are disbursed over time. It is not correct, however, to assume that annuities and structured settlements are one and the same.

Over the past several decades, structured settlements have evolved into a...

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What is M&E fees?

M&E fees (also referred to as mortality and expense charges) are part of the expense structure of annuities. In general, these charges cover the insurance

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Mortality and Expense Charge

Mortality

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Insurance

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Financial Engines Income Plus

Submitted by tom on Mon, 04/04/2011 - 15:21

Financial Engines recently released the first iteration of its retirement

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National Life

Short Company Name:

National Life

Long Company Name:

National Life Group

National Life Group is a diversified financial services group comprising of National Life Insurance Company, National Retirement Plan Advisors, Life Insurance Company of the Southwest, Sentinel Asset Management and Equity Services, Inc.

Company Type:

Insurance Company

Web Site:

https://www.nationallife.com/

Address

Street Address:

1 National Life Drive

City:

Montpelier

State:

ZIP Code:

05604