ABTrainingCenter.com provides CE (continuing education), professional development, and NASD and insurance licensing and designation study courses such as Series 7, CFP, CLU, and CPCU designations for brokers, agents, and financial service providers

Annuities

An annuity is an agreement for one person or organization, typically a life insurance company, to pay another person a series of guaranteed payments. One of the major benefits of annuities is that they offer tax-deferred growth of earnings, allowing the assets therein to compound at a faster rate than if taxes on gains were imposed.

Generally speaking, there are two types of annuities - fixed and variable:

  • Fixed annuity - the insurance company guarantees the following: your account will earn a minimum rate of interest; periodic payments will be a guaranteed dollar amount; and these periodic payments will last for a certain amount of time.

  • Variable Annuity – assets placed in the annuity are invested among a range of different investment options, generally mutual funds. The rate of return and the amount of the periodic payments one eventually receives vary depending on the performance of the investment options selected.
Annuities also offer a number of other features such as death benefits, living benefits, and other guarantees to make the products more attractive to investors. Some of these features are included within the standard costs of the annuity, while others – referred to as a Rider - may carry an additional fee.

Annuities can be an excellent investment solution for some individuals, not such a good idea for others. Advisors need to exercise prudent suitability standards when making recommendations to clients about the use of annuities as a retirement savings vehicle.

Let VendorPedia help you with additional Annuity resources!

Annuities

Recommended Online Training Courses

Find Self-Study, Online, Or Classroom Courses In Your Area
Licensing
Earn your License quickly and easily!
Designations/Certifications
Improve your knowledge and industry standing!
Professional Development
Products & Services to help manage and grow your career!







Need training or resources in other areas? Try our other Training Center sites:

HR, Acct., Banking, Insurance, Fin. Svcs., Real Estate, Mortgage, HealthCare, Safety, Sales

Share on Facebook


Share on Twitter


Share on Google+

Securities Licensing
Securities Licensing

Insurance License
Insurance License

Earn Your CFP
Earn Your CFP

Adjuster Licensing
Adjuster Licensing

Texas All-Lines Adjuster Pre-Licensing ONLINE Course
Texas All-Lines Adjuster Pre-Licensing ONLINE Course

Associate in General Insurance (AINS)
Associate in General Insurance (AINS)

ARM
ARM

Associate in Premium Auditing (APA)
Associate in Premium Auditing (APA)

AIC
AIC

How Workers′ Compensation Works (Comprehensive 11-Module Course)
How Workers′ Compensation Works (Comprehensive 11-Module Course)

Workers′ Comp 101: The Whats, Whens, And Whys
Workers′ Comp 101: The Whats, Whens, And Whys

Workers′ Comp Training Seminar
Workers′ Comp Training Seminar

How To Read And Understand Financial Statements
How To Read And Understand Financial Statements

How To Excel As A One-Person HR Department
How To Excel As A One-Person HR Department

FMLA Training &Certification Program
FMLA Training &Certification Program

ADA Training &Certification Program
ADA Training &Certification Program

Google+ABTrainingCenter.com. 5755 North Point Parkway, Suite 228 | Alpharetta, GA 30022 | 770-410-9375 | support@ABTrainingCenter.com
Copyright ABTrainingCenter.com 2017 | Web Site Development by OTAU
Facebook