ANNUTIES FAQ
What is an Annuity?
A contract from an insurance company that individuals generally use to accumulate money for their retirement on a tax-deferred basis and that guarantees a fixed or variable payment to the annuitant at some future time. The guarantee associated with annuities are based on the claims paying ability of the issuer.
What is the difference between an Immediate Annuity and a Deferred Annuity?
An immediate annuity is designed to make its first benefit payment at one payment interval from the date or purchase. An immediate annuity is really nothing more than a distribution vehicle – a way to convert a sum of money into a stream of income. A deferred annuity is designed to provide income payments beginning as some specified future date.
Is my information secure?
Yes, of course. Your information and details are totally protected by us. We use 256 bit encryption for it. You can also check the secure logo on the application pages on our website. We are equally concerned of your private information and work hard to protect it.
What is the difference between a life annuity and a time certain or period certain annuity?
If the payments are contingent upon a life or lives, the annuity is known as a life annuity. If the payments are for a certain number of years without regard to life contingency, the annuity is a term certain or period certain annuity.