[PDF] A Consumers Guide To Annuities eBook

Author :
Publisher :
Page : 11 pages
File Size : 44,19 MB
Release : 2003
Category : Annuities
ISBN :

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This guide is made available to help residents of North Carolina better understand annuities. For purposes of this guide, an annuity is an insurance contract that requires an insurance company to make specified payments to you at regular intervals for a specified period of time. There are many different types of annuity contracts and a variety of annuity options available to help solve various financial problems and needs.

Author : Jay Adkisson JD
Publisher : iUniverse
Page : 94 pages
File Size : 27,4 MB
Release : 2006-08
Category : Business & Economics
ISBN : 0595404189

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Few individuals have done more to educate the American public about financial scams than Jay Adkisson. As the creator of Quatloos.com, Jay has helped many thousands of people worldwide avoid being scammed out of many millions of dollars to various investment schemes. The U.S. Senate Finance Committee has twice called Jay as an expert witness on abusive tax schemes. As one of the authors of Asset Protection: Concepts and Strategies (McGraw-Hill 2004), Jay has similarly helped thousands of people avoid dubious asset protection schemes. In his latest book, Equity-Indexed Annuities: The Smart Consumer's Guide, Jay gives a balanced and objective overview of this advanced form of fixed annuity to better educate consumers of the advantages, disadvantages, and the numerous product options that are available when considering the purchase of this popular retirement vehicle. This short guide covers all the most important issues that consumers should address before purchasing an equity-indexed annuity, including: How the minimum interest rate is paid, how the maximum return is linked to the stock index, and how participation rates and caps may limit returns. How surrender charges may limit withdrawal rights for a period of years after the annuity is purchased, and why the annuity should not be purchased if the consumer will need the cash during this period. How the annuity payments may be made, and what can happen upon the death of the annuitant. How annuities benefit from tax-deferral, how taxes are paid upon withdrawal or when annuity payments are made, and tax considerations upon the death of the annuitant. How the annuity and annuity payments may be protected from creditors in some states, and how in other states they may be protected by proper planning done in advance of claims. This guide should also give consumers the ability to intelligently answer the most fundamental question: Is an equity-indexed annuity right for me

Author :
Publisher :
Page : 24 pages
File Size : 35,77 MB
Release : 2005
Category : Annuities
ISBN :

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The North Carolina Department of Insurance makes this guide available to help North Carolina residents better understand annuities, and make smart decisions when shopping for annuities.