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.

Guaranty Income Life

Short Company Name:

Guaranty Income Life

Long Company Name:

Guaranty Income Life Insurance Company

Guaranty Income Life Insurance Company is the primary subsidiary company of Guaranty Corporation. The company was founded in 1926 and is located in Baton Rouge, Louisiana. It is licensed to sell insurance and related products in 31 states.

Guaranty Income Life offers life insurance, long-term care, and annuity products to individuals to help them meet their wealth creation and protection needs. An overview of the products offered by Guaranty Income Life is given below:

Company Type:

Insurance Company

Web Site:

http://www.gilico.com/

Address

Street Address:

929 Government Street

City:

Baton Rouge

State:

ZIP Code:

70802

Country:

USA

Phone Number:

800-535-8110

Fax Number:

225-343-0047

Year Founded:

1926

Glossary:

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Western and Southern

Short Company Name:

Western and Southern

Long Company Name:

Western and Southern Life

Company Type:

Insurance Company

Web Site:

https://www.westernsouthernlife.com/

Address

Street Address:

400 Broadway St.

City:

Cincinnati

State:

ZIP Code:

45202

Country:

USA

Phone Number:

866-832-7719

Fax Number:

513-362-2359

Year Founded:

1888

Key Phrases:

Glossary:

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Commonwealth Annuity

Short Company Name:

Commonwealth Annuity

Long Company Name:

Commonwealth Annuity

Company Type:

Insurance Company

Web Site:

http://www.commonwealthannuity.com/

Address

Street Address:

132 Turnpike Road, Suite 210

City:

Southborough

State:

ZIP Code:

01772

Country:

USA

Phone Number:

508-460-2400

Fax Number:

508-460-2401

Year Founded:

2002

Key Phrases:

Glossary:

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Vantis Life

Short Company Name:

Vantis Life

Long Company Name:

Vantis Life Insurance Company

Vantis Life Insurance Company was founded in 1942 with an aim to provide families with affordable life insurance and annuity products. It was formerly known as The Savings Bank Life Insurance Company.

Vantis Life is located in Windsor, Connecticut and sells and distributes its products in all states through partner financial institutions as well as directly to the consumers.

The product range offered by Vantis Life includes life insurance and annuity products for families, women, and mature adults. Below is a brief description of the products:

Company Type:

Insurance Company

Web Site:

http://www.vantislifect.com/

Address

Street Address:

200 Day Hill Road

City:

Windsor

State:

ZIP Code:

06095

Country:

USA

Phone Number:

1-800-252-7254

Fax Number:

860-298-5484

Year Founded:

1942

Key Phrases:

Glossary:

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Union Central

Short Company Name:

Union Central

Long Company Name:

Union Central Life Insurance Company

Union Central Life Insurance Company was founded in Cincinnati, Ohio in 1867. Today, Union Central Life operates under the umbrella of UNIFI Mutual Holding Company.

Union Central Life Insurance Company offers insurance and financial products and services to individuals and businesses that include life insurance, annuities and disability Income insurance. Below is a high level description of its product offerings:

Company Type:

Insurance Company

Web Site:

http://www.unioncentral.com/

Address

Street Address:

1876 Waycross Rd. P.O. Box 40888

City:

Cincinnati

State:

ZIP Code:

45240