Annuity Policy Cash Settlements
Variable Annuities and Variable Insurance Policies are products that people can sell or transfer in the life settlement market for cash.
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Selling annuities can be done by our insurance network. Annuities can provide an investor with insurance protection and the ability to earn money fron the investments made in the annuity over the contribution period, which is usually over many years. The rate of return on these retirement investments are based on the performance of the investments themselves, the contribution amounts made into the account and the number of years the investments have had a chance to grow.
Payouts on an annuity are based on a fixed number of annuity units that are owned in the account. The value of these units will fluctuate. The payment amount will either be fixed or variable, depending on the type of annuity you have chosen to invest in. The annuitant is the person whose life governs the duration of life annuity periodic payments on the product plan.
Although prospective purchasers of variable annuities typically seek the returns that may be obtained in the equities market, they respond positively to insurers offering certain guarantees. Among those guarantees that have gained considerable acceptance are death benefit guarantees. Depending on the annuity settlement or payout option selected by the contract owner, a variable annuity payout guarantees a periodic income payment to the annuitant at specific intervals for a specified period of time. As we noted earlier in our discussion of annuitization options, the income may be paid for life or for a lesser period.
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