What is Annuity Insurance?
Posted: 10/23/2009
Annuity life insurance is a product that is designed to pay income benefits periodically over a specific time period of the insured's lifetime. Annuity life insurance comes in two basic forms of annuities: Immediate annuities and Deferred annuities. Each of these sub-products has a specific task. Deferred annuities is designed to assist your assets to continue to increase (tax deferred) before they can be converted into payments to you, the insured. An immediate annuity is different by allowing the payment benefits to start with a year (or less) of the purchased product.
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