Sentences with phrase «annuity owners about»
Yet there is no shortage of articles both on the Internet and in print advising would - be annuity owners about the many pitfalls of these instruments.
https://blog.annuity123.com/ Not exact matches
To fully understand annuities, the first important aspect to note is that, just like other insurance products, regardless whether we're talking about convertible term life insurance, whole life insurance, universal life insurance, etc., annuities are a contract between the policy owner and the insurance company.
If an annuity owner withdraws money from the contract in its early years (usually about six to eight years after purchase), the insurance company will impose a surrender charge on any amount that exceeds the annual free withdrawal amount (which is usually about 10 %).3
To fully understand annuities, the first important aspect to note is that, just like other insurance products, regardless whether we're talking about convertible term life insurance, whole life insurance, universal life insurance, etc., annuities are a contract between the policy owner and the insurance company.
As a policy owner of a life insurance, annuity, long - term care, or disability policy, it is natural to be concerned about what would happen to your benefits if your insurance company goes bankrupt.