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An annuity is a contract with an insurance company. An annuity is a contract in which an insurance company makes a series of income payments at regular intervals in return for a premium or premiums you have paid.
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What is an annuity?
An annuity is a contract with an insurance company. An annuity is a contract in which an insurance company makes a series of income payments at regular intervals in return for a premium or premiums you have paid.
Is an annuity a life insurance or health insurance policy?
An annuity is neither a life insurance nor a health insurance policy.
How many parts or periods does a deferred annuity have?
A deferred annuity has two parts or periods. Deferred annuities have an accumulation period and a payout period.
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Educational content provided by Jeffrey Scott McLeod, LUTC, National Insurance Producer License #558629. This is for informational purposes only and is not a recommendation to buy or sell any annuity. Guarantees are subject to the claims-paying ability of the issuing insurance company. Always consult your own advisor and read the full NAIC Buyer’s Guide. For residents of your state. Jeffrey Scott McLeod, LUTC — National Producer #558629. Questions? Contact Jeff@AnnuitiesExplained.org.