Annuities – Safest and Best Returns
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What are annuities?
Annuities are contracts between insurance companies and you. In fixed annuities, you make a single payment, or monthly payments into an annuity account. The Insurance Company promises you in return an interest rate to be paid out to you over a specific time, or, for the rest of your life.
You may designate a beneficiary to receive your payment should you pass away before your annuity is completely paid out.
In times like these, annuities are outstanding safe places to put your money. In 2009, 59 banks have failed, while no insurance company has. State Guarantee Associations also offer you guarantees similar to FDIC backs up banks.
Rates of return on annuities easily outdo certificates of deposits, with some rates above 5% and 7%.
Contact Us to learn more about specific rates.
July 29, 2009
Tags: Annuities, beneficiary, insurance companies, safe Posted in: Annuities, Financial, Teacher's Guide to Money
One Response
You hit the nail on the head. Annuities are the safest way a person can invest their savings and continue to have a safe return on their investment.
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