Is An Annuity Guaranteed?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaSome deferred annuities have guaranteed fixed interest rates for a guaranteed period. Single premium immediate annuities have guaranteed payments over guaranteed periods and can be annuitized for life time income based on the annuitant. Some indexed annuities have contractual guarantees that state the minimum return over a stated period. Guarantees are only as good as the company behind them.Answered on July 2, 2013+01+1 this answer
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37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaIn its basic form the answer is yes. The company guarantees to pay a specified amount to the annuitant for as long as the person lives. This is a single premium immediate annuity. There are many annuity policies that vary from this principle by offering participation in the movements of the stock market. These policies have reduced guarantees and in some cases, eliminated them.Answered on June 18, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! The best thing about an annuity is that in almost every case, you are guaranteed to get back at the very minimum what you put into it. Unlike the market, where you can lose your initial investment, most annuity companies will not allow you to lose your investment. You may or may not make the promised interest and returns, depending upon what type of annuity that you have, but you don't lose the base amount, or the fact that it gets paid back to you over a specified time period. If you would like more info, please inbox me. Thanks for asking!Answered on June 18, 2014flag this answer
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