Longevity vs. Immediate Annuities: A Closer Look

Annuities are a great way for people to guarantee that they will have income when they most need it. While immediate annuities were traditionally the most common type, an increasing number are turning to longevity annuities, also called longevity insurance. It is important to understand the difference between these two types of insurance before making…

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Helping a Minor with a Structured Settlement

When a child receives a judgment or insurance settlement, the award is often made as a structured settlement. However, children need an adult to manage their structured settlement for them. The adult helping the minor with a structured settlement needs to understand how these settlements work and how they are restricted.   What Is a…

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How Interest Rates Impact your Annuities

Lower interest rates are great for consumers who are applying for a home mortgage or a new car loan, but they are less attractive when you are looking at the yield on your savings account and other interest-bearing assets. If you have an annuity or are thinking about buying an annuity in the near future,…

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Do You Have to Pay Taxes on Settlements?

Most personal injury cases usually settle before they even get a chance to go to trial or in some cases, during the trial. In fact, only a small percentage are actually tried and reach a verdict. When you agree to the settlement amount the defense attorney offers, the case is then settled and the only…

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Letting your Annuity Pay You Later in Life

Annuities are a form of protection available to investors. During market downturns, they provide protection against financial uncertainty in offering a guaranteed return for the investor. Annuities offer a steady stream of income if certain investment requirements are met.   How does an annuity work? Annuities are structured as contracts between an individual and the…

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Three Pro’s of Deferring an Annuity

An annuity gives you the ability to make an investment and defer a return or income on that investment until a later point in time. When you choose to receive the financial benefit of an annuity, or when the annuity matures, you can have the option of receiving regular payments over a period of time…

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How Distribution of Annuities Works

If you have an annuity, you have likely heard of distribution. However, it is important to understand facts about your annuity before you begin receiving distributions. In particular, you should know what distributions are, how you will receive them, what affects the amount you receive, and what your options are. What Are Distributions? An annuity…

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