Press Release Summary = www.annuitylibrary.com provides unbiased annuity advice and is an excellent resource for learning more about the fixed annuity and various other forms of annuities. For more information kindly visit the site.
Press Release Body = If you wish to make your money grow over time, you should know about an investment instrument called the fixed annuity. A fixed annuity is an investment option offered by insurance companies. Within the insurance market, you can find several other variations of annuities like a variable annuity, life annuity, or indexed annuity. Among these, the fixed annuity remains one of the most popular choices for individual investors.
An annuity is a contract between an investor (policyholder) and an insurance company. The insurance company has to follow certain legalities laid down by each individual state to ensure viability and reliability. Apart from this, the tax deferment component, which is offered by most annuities to the advantage of the policyholder, is also governed by the Internal Revenue Code. But before getting into all of these technical jargons, one must first understand what a fixed annuity is, and how it differs from other types of investment opportunities?
The fixed annuity is an investment option that allows policyholders to deposit premiums into an insurance contract and grow their funds tax-deferred at a preset and guaranteed interest rate over time. At some point in the future (usually during retirement), the policyholder has the option of annuitizing their contract to receive a series of income payments over a specified period, or for their entire lifetime. Once annuitized, the interest rate and monthly payment amount are fixed for the duration of the payment term. These are the main characteristics of a fixed annuity.
In the case of a fixed annuity, a guaranteed interest rate is set at contract issue and you will keep receiving this guaranteed rate for the term specified in the policy. Many investment professionals compare a fixed annuity to a bank Certificate of Deposit (CD). However, because annuities are not issued by banks, they are not covered by Federal Deposit Insurance (FDIC). Another important benefit regarding annuities is that they usually offer the opportunity for tax-deferred growth. In other words, income taxes are deferred and are only paid when the interest earnings are actually withdrawn, and not while they grow and compound.
AnnuityLibrary.com is an online annuity shopping service provider, offering high-value fixed-rate annuity products. These are most relevant and useful for people planning their retirement needs or seeking additional retirement income. AnnuityLibrary.com provides complete disclosure and information on the company's entire annuity selection. By using this information, clients can make informed and educated decisions. Every annuity offered at AnnuityLibrary.com is filtered, screened and analyzed for client suitability.
AnnuityLibrary.com is a leading online provider of various types of annuities including fixed-rate, equity-indexed, and immediate income annuities. It offers hundreds of annuities to choose from. Over the last few years, it has successfully worked with thousands of investors nationwide. www.annuitylibrary.com provides unbiased annuity advice and is an excellent resource for learning more about the fixed annuity and various other forms of annuities.
Web Site = www.annuitylibrary.com
Contact Details = address:930 Town Centre Drive, Medford, OR, 97504 phone no:(800)998-4056 Email:annuitylibrary@gmail.com
2022
