Reasons Why You Should Use A Single Premium Immediate AnnuityWhat is a Single Premium Immediate Annuity? Simply put, a SPIA is a contract between you and an insurance company. You pay them an one-time premium, and they send you a payment of the rest of you life. A SPIA is used as retirement funding, and is a more reliable way to fund your retirement than a stock portfolio can be. You can get quotes from brokers by telling them how much money you need each year, and they will tell you how much it will cost to buy into an annuity. The funding of a SPIA goes like this, you buy into the contract and they send you payments. The payments do not transfer to your heirs when you die. So, if you purchase an annuity and then 2 weeks later, your heirs do not get that payment or the payments you would have gotten for the rest of your life. That money goes into a pool to pay those who survive past their life expectancy. If you were to count on a stock/bond portfolio for your retirement income, it is fairly possible that you would run out of money before you run out of retirement because of the way that inflation would raise the withdrawal necessary. The use of a fixed SPIA gives you a guaranteed income for your retirement without having to worry about running out of money. For a larger premium, you can get an annuity that is linked to the rate of inflation. You don't have to worry about having to figure out which stock or bond will perform well, or which one is going to tank. You can rest secure knowing that your payment will be the amount that you need, no matter what happens. The use of a Single Premium Immediate Annuity makes planning for your retirement so much easier, since you know what you will need, and that it will be provided in that amount for as long as you live. You don't have to worry about running out of money and trying to figure out how to continue to fund your retirement for as long as you need to.
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Cash For Retirement Annuities
By Alison Cole
Since the average life expectancy is on the increase because of higher and sophisticated standards of living. Lifetime annuities are mainly for funding retirement. There are two types of lifetime annuities -- fixed and variable.
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With Recent Market Conditions, Are Equity Indexed Annuities a Good Option For Retirement Savings?
By John Houck
With the recent market turmoil and uncertainty, equity indexed annuities may be a good option for someone nervous about having their retirement savings being exposed to the volatility of the stock market. Equity indexed annuities were introduced in 1995 and have become increasingly popular ever since.
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Index Annuities - Zero is Not My Hero
By Robert C Eldridge Jr
All index annuities have a minimum guarantee over the term of the surrender period. A guarantee rate is what makes an index annuity a fixed annuity. An index annuity offers a client the opportunity to participate in a portion of an index gains but none of the market losses.
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Sell Health Annuity
By Elizabeth Morgan
Annuity is an agreement that ensures a fixed income for a predetermined period or for a person's lifetime. These installment payments are usually a result of a lawsuit. Health Annuities are a form of compensation, structured to make funds available to a person who needs compensation from a court proceeding. These are payouts to recompense any disability or incapability resulting from an accident.
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