Some annuity products promise lifetime annuity income. How do these products work, and what do you need to watch out for? This is part of a series on annuity guarantees. Lifetime annuity income products help you make sure that you (or somebody you care about) do not run out of money. With a lifetime annuity […]
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Annuity Guarantees – Guaranteed Principal Protection (Money Back Guarantees)
Some annuities offer a money back guarantee, although the most generous guarantees went away after the financial crisis of 2008. Insurers might call these features a principal protection guarantee, or something similar. How do guaranteed principal annuities work? The general idea is that you’re guaranteed to get all of your money back from the insurance […]
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Annuity Guarantees – What Kind of Annuity Guarantees are There?
Annuities are complex beasts. One reason they’re popular is the variety of annuity guarantees. One reason they’re unpopular is cost. If you put 2 and 2 together, you may be able to see that annuity guarantees cost money. If you don’t need the guarantee, don’t spend the money. However, if you want a guarantee, figure […]