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Gimme shelter. (annuities)(includes related article) (CEO Finance)
From:
Chief Executive (U.S.)
| Date:
November 1, 1993| Author:
| COPYRIGHT 1993 Chief Executive Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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An annuity is a contract under which an investor pays a certain amount of money for an agreed period of time in exchange for periodic payouts that will start when the annuitant reaches a certain age. Annuities come in two common forms: fixed-dollar annuities that guarantee the return of the invested principal plus interest, and variable annuities which base payments on a portfolio's capital appreciation. These insurance products are quite popular among the rich seeking protection against the recent increase in the upper-bracket personal tax rates. The main appeal of annuities lies in the ...
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