What is an annuity contract?

Answer An annuity contract is an agreement between an insurance company and a customer that outlines the obligations and rights between the parties in regard to an annuity plan. An annuity is an account m... Read More »

Top Q&A For: What is an annuity contract

403(b) Annuity Fixed Income Contract Rules?

A teacher's retirement plan provides benefits that are just not found with most other retirement plans. A pension plan serves as the basic retirement benefit funded by the employer. But you also ha... Read More »

As an annuity holder with aig I have recently asked for a portion of my annuity and am wondering when i may receive it in the mail?

My wife receives a monthly annuity from AIG and usually gets it on the same calendar day every month.

What distinguishes a bilateral contract from a unilateral contract?

Simply put- A unilateral contract can be modified or changed by one party and a bi-lateral must be agred upon and accepted by both contractual parties involved.

Future Value Annuity Vs. Annuity Due?

Annuities are investment products you purchase through insurance companies. Earnings on an annuity grow tax deferred, treated as income when distributions are made after age 59 1/2. Part of an annu... Read More »