InsuranceAgents.com Simplifies Annuities for First Timers

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) January 2, 2010 -- Annuities can be an intimidating topic to try to handle. They can be great investments, but investors have to first know what they’re getting into and understand the nature of annuities before they can take the plunge, according to a recently published InsuranceAgents.com article.

“Although they aren’t as complicated as many people think they are, understanding annuities is crucial in developing a better understanding of your options,” the article states. “Once you have a basic framework for how annuities work then you can go to your life insurance agent [to] gain a more in-depth experience of understanding annuities and how they work.”
An annuity is a written contract in which you pay premiums until a specified date at which time your life insurance company pays you back the value of your annuity over a series of payments.
The three main participants in an annuity contract are the owner (the purchaser of the contract); the annuitant (usually this is also the owner, but not always); and the beneficiary (if you pass away before the pay out period, the money will go to whoever you designate as your beneficiary).

The InsuranceAgents.com article provides several easy-to-understand introductory points about annuities, including:

1. The option of single or multiple premiums
2. Immediate and deferred annuities
3. Fixed and variable annuities

If you are looking for an even more in-depth look into annuities, contact your local life insurance agent. For more information, life insurance quotes or to get in touch with agents, visit InsuranceAgents.com.

staff contribution: Meha Ahmad

More information can be found online at http://www.insuranceagents.com/annuities-crash-course.html

annuities     annuity     guide     insurance agents     life insurance