An annuity can provide either an immediate return to the investor or late return. An immediate annuity is bought at the time you start your income and requires a lump-sum premium. (more…)

When the owner of an annuity enters into an annuity insurance agreement they must always understand all of the terms to the best of their ability. If there are additions, withdrawals, or a complete liquidation to be made, there may be restrictions or penalties.

The contract owner can be an individual, couple, trust, corporation, or partnership. The only requirement is that the owner must be an adult or legal entity. (more…)