What is the definition of an immediate annuity?

Answer An immediate annuity is normally funded with one lump sum premium. It is also referred to as a single-premium immediate annuity, or SPIA. The first distribution to the annuitant must be made within... Read More »

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What is the definition of a fixed annuity?

A fixed annuity is an investment tool purchased through a life insurance company. The annuity provides a guaranteed rate of return with little to no risk, making it a popular choice for people ente... Read More »

Annuity Life Insurance Policy Definition?

An annuity is a contract between you and an insurance company. If you want to add to your retirement savings, an annuity might be right for you. Intended as a long-term retirement investment, annui... 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.

Is an eia annuity a fixed annuity?

Equity-indexed annuities are fixed annuities. However, an EIA differs from other fixed annuities in the way it credits interest. EIAs use various complex formulas while other fixed annuities credit... Read More »