If you wish to invest in a variable annuity, you must know– what the product is, what purpose it serves, the special features of the annuity, the fees and charges payable, particulars of investments, death benefits provided, and encashment options. The variable annuity prospectus arms you with this data so that you can compare the costs [...]
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In the US, 77 million baby boomers of the 1940s turned 63 –their desire to beat inflation and to secure a steady post retirement income may have spurred the Variable annuity market. The market for the Variable Annuity-a contract with an insurer to channel your funds into investment options like shares and bonds and get higher [...] Features of variable annuity Unlike the fixed annuity, the variable annuity has a variable return. Thus, appreciation in value of your investment is different in the case of every investor. There is no guaranteed rate of return as in fixed annuity. It is you who tells the portfolio manager of the insurance company where to invest [...] Basically, a variable income annuity is a contract between you and an insurance company, whereby the insurer is agreeable to making periodic payments to you. These payments can begin immediately or at some future date. A variable annuity can be bought either by making one single payment, or a series of payments over a specific time. Variable [...] If you are interested in acquiring a variable annuity package, this article is going to show you how to take advantage of the various products a variable annuity package has to offer. Your money is hard-earned. As such, it is important that when you invest it into a variable annuity, you have to make maximum use [...] One of the challenges facing many people who want to purchase a variable annuity is the multiplicity of fees that go along with it. Many variable annuities come with administrative costs, mortality fees, rider fees and the dreaded surrender charge which traps many annuitants into sticking with an annuity even when they eventually discover the package [...] The commonest variable annuity fees are as follows: 1) Mortality Expenses: If you purchase a variable annuity, it is most likely going to come with a mortality and expense risk fee. This is a variable annuity fee charged by the insurance company to assume the risk of providing you with guaranteed future payments, taking into account the [...] Annuities are flexible insurance contracts designed to provide income to the annuitant and help them achieve long-term savings goals. As opposed to fixed annuities that that make payments in fixed amounts or in amounts that increase by a fixed percentage, variable annuities pay amounts that vary according to the investment performance of a specified set of [...] |
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