High Interest Annuities Guarantee Financial Future

Oct. 19, 2009 - PRLog -- Chicago (InsuranceAgents.com) – An annuity is a contract that is set up between a consumer and a life insurance company. There are many different types of annuities, but they all begin the same way. A consumer pays the life insurance company money to begin investing and depending on the type of annuity you have, your money gains a certain amount of interest over time before the consumer begins receiving payments back. A high interest annuity is beneficial because your money grows at a faster rate, and it also provides income options for a lifetime, withdrawal allowances and is tax deferred. Unlike investing in a CD that is taxed every year and annuities are only taxed when you begin receiving payments.

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In a recent article posted by InsuranceAgents.com, “High Interest Annuities: A Guaranteed Success,” they discuss the two most common types of annuities. A variable annuity is good if you are interested in receiving a high rate, “Although they are considered riskier since your money goes into an equities portfolio, you benefit from rates of return of 10 to 14 percent,” states the article. A fixed annuity is when your money is put into an account set up by the life insurance provider of your choosing, who then invests the money. “Although you are unaware of the investments that are involved because you do not manage the account, you will be guaranteed a fixed rate of return by the insurer,” says InsuranceAgents.com. Shopping online will give you the opportunity to compare different insurance providers and decide which one is best for your financial needs.

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http://www.insuranceagents.com/annuities/