Annuities are a contract between an individual (or business) AND an insurance company that is entered into for various purposes which include providing a guaranteed stream of income. There are various types of annuities that are uniquely suited to meet various types of income needs and these will be discussed in this article. However, before […] Read more
Annuities
In the world of annuities, there are a few different types of contracts which vary based upon how the cash value is accumulated on a tax deferred basis. On one end of the spectrum is the fixed index annuity which offers a conservative contractual rate of return applied to the account or cash value growth. […] Read more
There are different types of annuities as discussed in our previous article talking about all things annuities. For example there are immediate annuities and deferred annuities. There are fixed interest annuities, indexed annuities and variable annuities. However, the type of annuity is NOT a factor in the world of qualified and non-qualified annuities. Regardless of the […] Read more
Fixed Index Annuity (FIA) Definition: A FIA is a tax-deferred financial tool that is designed to provide long-term growth and safety. In addition, the FIA is a retirement tool that can provide a guaranteed income for life. There you have it, the basic definition of a Fixed Index Annuity which is a certain type within […] Read more
