A Charitable Gift Annuity is a type of Single Premium Immediate Annuity. Charitable Gift Annuities can be a great way to for the average person to help or contribute a significant amount of money to their favorite charity or church. With a Charitable Gift Annuity, a person can transfer cash, or marketable securities to a [...]
Archive for the ‘Personal Finance’ Category
more...Annuities: How Does A Single Premium Immediate Annuity Work?
June 3rd, 2010 by Your Insurance Advisor
When you buy an annuity, you pay a certain amount of money called an insurance premium. This premium can be paid all at once in the beginning (called a single premium annuity), or it can be paid in installments (a flexible premium annuity). When an insurance company receives the premium from you, the premium is gathered and collected, or pooled, with the premium paid by all of the other people that buy annuities from the insurance company.
Annuities: What is A Single Premium Immediate Annuity?
May 24th, 2010 by Your Insurance Advisor
A Single Premium Immediate Annuity (SPIA), out of all of the annuities that we have talked about, is the one that is most insurance-like of all annuities. As we discussed before an annuity protects you from running out of income, or money, before you die. When you buy a single premium immediate annuity you are protecting yourself by assuring yourself a source of income for the rest of your life.
Annuities: Flexible or Single Premium Annuity
May 23rd, 2010 by Your Insurance Advisor
Annuities create income security for consumers by providing guaranteed income for life, or for a predetermined period of time. This period of time is set at the time of purchase in the annuity contract between the purchaser and the insurance company. The money used to fund the annuity purchase is called the premium. When the [...]
Annuities: What is An Income Annuity?
May 22nd, 2010 by Your Insurance Advisor
Consumers purchase annuities to protect themselves from running out of income during their lifetime. When selecting an annuity care should be taken to decide at what point in time that income is desired. There are two possible choices for consumers to make: Immediate or Deferred.
Variable Annuities: What is a Variable Annuity?
May 21st, 2010 by Your Insurance Advisor
A variable annuity is a type of annuity that resembles a mutual fund. A variable annuity provides a consumer with some of the safety that a regular annuity provides, but offers a rate of return that can vary dependent on what happens in the market.
Annuities: What is an Annuity?
May 17th, 2010 by Your Insurance Advisor
An annuity is an insurance product that helps consumers protect themselves against living too long. In effect, it works as the opposite of a life insurance policy which protects you from living too little. An annuity guarantees the annuity owner a fixed amount of income for as long as they live.
Managing Your Money & Managing Risk
May 6th, 2010 by Your Insurance Advisor
What’s the difference between a successful investor and a failed investor? It’s not being able to always pick the winners to invest in, even though that comes in a close second. Having that ability would be nice, however, even that would not always guarantee success as an investor. No, success as an investor really depends [...]
Credit Cards and Potential Identity Theft Problems
April 5th, 2010 by Your Insurance Advisor
In this time of economic downturn and financial difficulties, most industries are shrinking or cutting back. Not so the credit card industry. The credit card industry seems to be growing, not slowing down. According to recent studies, the average American household has at least one credit card. In fact, this survey found that 81% of American households have at least one credit card. Many American households have more credit cards than they can wisely handle.
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