How Many Kinds Of Annuities Are There?

  1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    Simply put, there are just a few.  Fixed Annuities which provide a fixed interest rate, Indexed Annuities which provide an interest rate based on Stock Index performance, and Variable Annuities which are more firmly based on market performance.  These can be divided into two basic sub-categories, immediate, meaning they begin payout immediately and deferred, meaning payout will begin at a later date.  Any of these can be qualified, meaning they meet certain tax qualifications to be considered retirement vehicles, and non-qualified.  Each company will then have some variation of these basic forms of annuities.
    Answered on July 10, 2013
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    David RacichPRO
    Fountain Hills, Arizona
    There are two categories of non-qualified annuities are: tax deferred and immediate. Tax deferred annuities have three basic crediting methods: fixed interest rates, domestic/foreign indices and separate subaccounts using equity and bond instruments. Immediate annuities offer various distribution periods like 10 or 20 years certain and lifetime income on the annuitant.
     
    Answered on July 10, 2013
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  3. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    There are annuity policies that are designed for almost every conceivable situation.  Basically they differ in the way that the payout is computed (guaranteed vs. non-guaranteed) and the way the money is accumulated (guaranteed and non-guaranteed.)  Within the non-guaranteed plans there is a range of options from separate funds and indexed funds to specific investments.
    Answered on June 18, 2014
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  4. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That is a great question! There are a couple of different types of annuities. There are fixed annuities, that pay a certain amount of interest for a designated time; There are variable annuities that pay an interest rate that changes from time to time; and there are indexed annuities, that credit an interest that varies depending upon the performance of the specific index that they are tied to. There are a great many options available in the annuities of each type. To find the one that is best for you, talk to a qualified agent. If you'd like help, please inbox me, okay? Thanks for asking!
    Answered on June 18, 2014
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