What Are Purchased Life Annuities?

  1. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That is a great question! And it has a very simple answer - A purchased annuity is one that you have used your own money to purchase, apart from a retirement plan through an employer or other organization. The annuity you purchase is through an insurance agent or broker in the open market, and was not acquired as part of a pension or retirement plan. I hope that helps, thanks for asking!
    Answered on September 3, 2014
    flag this answer
    2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>