Annuity Quotes - Understanding Annuities
If you're confused by the many terms that come with selecting proper insurance coverage, 2insure4less can help. Annuity rates will play a key role in many insurance agreements and should be understood before you select any coverage options. Annuity rates generally refer to the agreement you have reached with the life insurance company. This contract will be supported by a series of payments made to the insurance carrier in support of the policy. Annuities can exist in a variety of classifications, which will designate the type and often the amount of the payment. The types of annuities that typically exist include:
- Fixed or Variable
- Deferred or Immediate
- Fixed or Lifetime
- Qualified or Unqualified Tax Status
- Single or Flexible Premium Payment Agreement
When reviewing annuity quotes, you’ll want to choose which of these options will work best for your needs in order to secure the best possible life insurance coverage.
Benefits of Annuities
When using the annuity calculator on the 2insure4less site, you’ll most likely want to keep in mind the many benefits that will come with these options. Annuity rates will provide you with advantages like:
- Tax Deferral - Unlike other investments, annuity rates are not taxable until the money is withdrawn. This is a significant benefit as you make annuity payments over the life of the policy.
- Protection from Creditors - Many states provide creditor protection on annuities payments.
- Many Investment Options - Depending on the annuity company you choose, you may find a multitude of investment options.
- Tax-Free Transfers - When transferring money among your investments, you won’t have to pay taxes on annuities.
- Lifetime Income - Depending on your annuities elections, you may benefit from a lifetime immediate annuity, which will provide a stream of income for the remainder of your life.
- Benefits to Loved Ones - With certain elections, you can guarantee payments to your heirs after your passing.
When you request annuity quotes from 2insure4less, we provide multiple quotes from the leading providers in your area. There is no easier way to secure the coverage you need at the best possible rate. Let 2insure4less simplify your search for life insurance or any other type of coverage with our multiple free quotes system. In just minutes you’ll have insurance quotes that will help you discover the best possible option for your financial needs.
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