Types of Annuity Marketing and Sales Companies
Companies:
- Read more about Types of Annuity Marketing and Sales Companies
- Log in to post comments
Key Phrases:
Companies:
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.
Types of Financial Advisors
Fee Only Advisor
Glossary:
- Read more about Types of Financial Advisors
- Log in to post comments
Annuity Marketing and Sales
Buying a house is undeniably a major financial decision. As a result, most people will spend some time researching and understanding the basics of the process before making a purchase: what is the role of agents; what are the transaction costs; how do mortgages brokers and title companies fit into the picture; what type of mortgage makes sense; etc.
- Read more about Annuity Marketing and Sales
- Log in to post comments
Working with Multiple Financial Advisors
The term financial advisor actually covers a huge number of fairly distinct disciplines. Financial planning and annuity product sales, for example, are very different fields.
In most instances, the financial planner and the person who handles the annuity purchase are the same. However, this does not have to be the case.
- Read more about Working with Multiple Financial Advisors
- Log in to post comments
What to Avoid in a Financial Advisor
A simple way to think about this would be to consider the opposite of each of the points in the previous chapter:
- Read more about What to Avoid in a Financial Advisor
- Log in to post comments
