Episode 41: Introduction to Annuities (Part 1)
Oct 14, 2021•18 min
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Episode description
- Annuities are long-term financial contracts between a policy/contract owner and an insurance company.
- Annuities are insured by the claims paying ability of the insurance company.
- Lifetime income could be a big positive for an annuity, but there are likely surrender charges and potential tax penalties for early withdrawal of the assets.
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