Annuities are underwritten by life insurance companies. Annuities are a contract between the life insurance company and the annuity holder. There is usually no medical underwriting, unless purchasing the type of annuity that will pay out more if the annuitant has an anticipated shorter life expectancy than the average.
Annuities are underwritten by Life Insurance companies. You have about 13 companies that offer medically
underwritten Annuities. This type of underwriting is important to the annuity purchaser that has a medical condition that shortens their predicted life expectancy.
The Annuitant is seeking to purchase a lifetime income benefit from a single premium. A medically underwritten annuity would provide a large income as their life expectancy is shorter than normal. This is helpful to provide a safe and predictable income and a possible lower tax burden. Your life insurance agent can work with your tax professional to determine the best situation.
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underwritten Annuities. This type of underwriting is important to the annuity purchaser that has a medical condition that shortens their predicted life expectancy.
The Annuitant is seeking to purchase a lifetime income benefit from a single premium. A medically underwritten annuity would provide a large income as their life expectancy is shorter than normal. This is helpful to provide a safe and predictable income and a possible lower tax burden. Your life insurance agent can work with your tax professional to determine the best situation.