How do annuities work?

Answer Annuities are purchased from insurance companies by making a stream of payments over time or in a lump sum. You earn interest on your money. Many people use annuities to supplement their retirement... Read More »

Top Q&A For: How do annuities work

How do insurance annuities work?

Life insurance is one of the most important investments you can make in your future and the future of your loved ones. A life insurance annuity is somewhat the opposite of the traditional thought ... Read More »

Are annuities taxable?

There are several types of annuities, and yes, they are taxable. Annuities are attractive as tax-deferred savings vehicles with insurance-like properties. They use an insurance policy to provide th... Read More »

Taxation of IRA Annuities?

IRA annuities are one option you have when deciding how to save money for retirement. IRA annuities are annuities that are purchased inside of IRA accounts. These annuities function like any other ... Read More »

How to Choose Annuities?

A tax-deferred annuity is an investment offered by insurance companies through various types of financial advisers. There are different annuity options to meet the investment objectives of differen... Read More »