Stan The Annuity Man ® describes how
every type of annuity works, thoroughly explains annuity strategies from the simplest to the most complex, and provides unique insight about the annuity industry.
But before you can make an informed decision about whether such annuity is right for you, you need to know how
this type of annuity works.
Not exact matches
Be sure to
work with your financial consultant and discuss the beneficiary options available to you for each
type of annuity you're considering.
To help clarify some
of these key differences, let's first start with an overview
of each
type of annuity and how they
work.
Whether your needs are immediate or long - term, you can choose the
type of annuity whose features
work for your situation:
Dig deeper into the characteristics
of annuities — including an overview
of the different
types of annuities, how they
work, and their potential benefits and limitations.
To better understand how
annuities work, let's look at some
types of annuities and their main features.
We'll look at how that translates into specific decisions to make, such as when you (and your spouse if married) take Social Security, what survivor option you choose on your pension, the benefit
of using
annuities, the
types of accounts you fund while
working, the tax impact you may incur as a single tax filer, etc..
Through a comprehensive financial review, you can learn more about the various
types of annuities and
work with a financial professional to determine which, if any, may be suitable for your long - term financial goals.
For more information about how one
type of annuity, known as a Fixed Indexed
Annuity works, check out this educational video.
Upon your death, your remaining
annuity benefits (if any) will go to the person you name as your beneficiary, but again, how this
works can vary depending on the
type of the
annuity.
The beauty
of a life insurance
annuity is that it
works for many
types of people.
Each
type of annuity has a set
of features and benefits that might
work quite well as part
of your long - term retirement plan... or it might not.