These insurance contracts offer steady income but have some downsides Fact checked by Betsy Petrick An annuity is a contract purchased from an insurance company with a large lump sum in return for ...

Favorable tax treatment is one of the main reasons for buying an annuity. But what exactly are the tax benefits? And are there any drawbacks? It's important to know the answers to these questions ...

These measures would help boost insurance penetration, channel long-term savings into annuity and retirement products, and ...

Annuities are contracts with insurance companies that can minimize risk, provide steady retirement income and reduce taxes — reduce, but not eliminate. Annuities are complex financial instruments and ...

<div class="Section1">A PPVA investment is an annuity that is available only to high net worth individuals who qualify as accredited investors (and, practically ...

Are you employed by an educational institution, church, or nonprofit? If so, there’s a retirement savings program authorized by section 403(b) of the Internal Revenue Code that allows eligible ...

The threat to the tax-deferred status of retirement vehicles, including annuities, is once again at the forefront of concerns for the Insured Retirement Institute. With Congress preparing a new tax ...

The recent economic ups and downs have left many Americans worried about their retirement savings. As they face issues like market uncertainty, persistent inflation and longer lifespans, more retirees ...

<div class="Section1">The interest of a donee spouse in a joint and survivor annuity in which only the donor and donee spouses have a right to receive payments during ...