There are many different terms used to describe an insurance professional that specializes in selling annuity products. Some of the most common are: Insurance Producer, Agent, and Annuity Broker. AnnuityAdvantage acts as an independent annuity broker for dozens of top... Read more
Are you interested in upgrading your annuity to one with better features and/or a higher interest rate? In most cases, the IRS allows what is known as a 1035 exchange of non-qualified annuity contracts between insurance companies. A 1035 exchange... Read more
In the recent past, variable annuities have received both positive and negative attention in the media. Many articles have been published that detail variable annuities’ high potential market gains, but many more have been published describing excessive variable annuity fees,... Read more
Annuities are great retirement savings and guaranteed income products. While there are many benefits to owning an annuity, sometimes life’s circumstances change and there may now be a compelling reason to sell your annuity or structured settlement payments for cash.... Read more
When someone uses the term, Retirement Annuity, they are usually referring to a particular type of annuity product called a Single Premium Immediate Annuity (SPIA). For that reason, and for the purposes of this article, we will be using both... Read more
An immediate annuity is one of the only products available to retirees that provide a guaranteed lifetime income. In other words, once you establish a life payout immediate annuity, the income payments last as long as you do and cannot... Read more
Fixed annuities, also referred to as tax-deferred fixed annuities, are available in many different product designs and configurations, but are at their core, a contract between an owner and an insurance company for an interest bearing policy that includes optional... Read more
Multi-Year Guarantee Annuities (MYGAs), also called Fixed Rate or CD-type Annuities, are a type of fixed annuity that provide a pre-determined and contractually guaranteed interest rate for a specified period of time, most commonly 3-10 years. For this reason, they... Read more
A fixed indexed annuity is a type of deferred annuity that credits interest based on the performance of a stock market index, such as the S&P 500. The policyholder’s funds are not actually invested in the stock market, but rather,... Read more
An indexed annuity, also called a fixed indexed annuity, is an insurance contract that provides you with the opportunity to enjoy interest rates that are tied to the performance of a stock market index, such as the S&P 500, without... Read more
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