What is an annuity plan?

Answer An annuity plan is a financial product into which people put their money and receive periodic payments according to the terms of the plan. There are tax advantages to having any one of the differen... Read More »

Top Q&A For: What is an annuity plan

Is an annuity a qualified plan?

An annuity can be a qualified plan but is not required to be. A qualified plan is an Internal Revenue Service recognized retirement savings plan, such as an IRA, 401k and 403b. An annuity is an ins... Read More »

What is a group annuity retirement plan?

According to, a group annuity retirement plan is a plan that provides enough income to replace 40 to 60percent of a retiree's job earnings. A typical group plan funnels contrib... Read More »

Group Annuity vs. Registered Retirement Plan?

Both a group annuity and Registered Retirement Savings Plan are employer-sponsored retirement programs that help employees save toward retirement. While there are many similarities between the two ... 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.