Annuity Types and Phases
Chapters in this video
What this video covers
- How single or flexible premiums, immediate or deferred income, and fixed, variable, or fixed indexed value methods are separate classification choices
- How traditional fixed annuities, variable annuities, and fixed indexed annuities differ in guarantees, investment risk, and how value is determined
- How to calculate surrender charges and net surrender value, including the effect of charge-free allowances
- How participation rates and caps determine indexed credits, and why a 0% crediting floor does not erase surrender charges
- How buffers and loss floors affect market losses in registered index-linked annuities
- What changes at annuitization, how owner, annuitant, and beneficiary roles differ, and how payout options affect payments
- How qualified and non-qualified annuities are taxed, and why tax deferral does not make distributed earnings tax-free
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