Annuity List
Below is a mini annuity list of the most
popular types of annuities. These annuities are sold at most
high profile insurance companies. Remember that an annuity is
an insurance product.
|
Type
|
Description
|
|
Fixed Annuities
|
An investment vehicle that
provides tax-deferred accumulation at a
specified interest rate for an initial
guarantee period (typically one
year).
Each period thereafter, a
rate is declared (which must exceed a stated
minimum rate).
|
|
Immediate
Annuities
|
An income distribution
vehicle that takes your lump sum investment and
provides a specific stream of payments in
return.
The length of the payment
stream may be guaranteed for a specified
period, a lifetime or a joint
lifetime.
The payment amount may be a
fixed amount or an amount tied to the
underlying performance of portfolios
(investment subaccounts).
|
|
Market Value Adjusted
Annuities
|
An investment vehicle that
provides for tax-deferred accumulation at a
specific interest rate for a specified period
of time.
If liquidity is needed prior
to the end of the specified period, a
market-value-adjusted annuity functions like a
bond, in that there can be a premium or
discount applied at the time of the early
sale.
Interest rate guarantee
periods range from one year to 10
years.
|
|
Variable Annuities
|
An investment vehicle that
allows you to invest in a wide-range of
portfolios (investment subaccounts) from a
selection of asset managers on a tax-deferred
basis.
In addition to tax-deferred
investment management, variable annuities can
provide various guarantees (riders) on the
amount that will be available as a death
benefit or as retirement income.
Northbrook/Allstate,
AXA-Equitable
Financial,
Hartford ,
Travelers,
Nationwide,
AIG/SunAmerica,
MFS/SunLife and
ING/Golden
America.
|
| 
