Who Buys Annuities And Who Is Likely To Buy Them?

1. 

   61667 POINTS

   view profile
   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   For long term savers and some investors in high tax brackets, the tax deferral feature to accumulate money is a significant reason for purchasing annuities. Tax deferred annuities have three crediting methods: fixed interest rate, index performance and separate sub accounts using equity and bond investments. Annuities have a variety of payout options like 10 or 20 years certain, even life time income.

   Answered on August 17, 2013

   flag this answer
Did you find these answers helpful?
Yes
No
Go!

Add Your Answer To This Question

You must be logged in to add your answer.