How Do Annuities Operate?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaAnnuities are fundamentally designed and manufactured in two types: immediate and deferred annuities. Immediate annuities can generate distributions, typically 5, 10, 20 years and for lifetime income. Deferred annuities have three basic crediting methods: interest rate, indices and separate sub accounts tied to market instruments. But earnings are not the only component, many deferred annuities are annuitized for the life of the annuitant and the insurance company adds mortality credits to the pay out. The older the annuitant is the larger the payout.Answered on June 11, 2013+01+1 this answer
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