InsuranceAgents.com Explains Variable Annuities

July 24, 2009 - PRLog -- Chicago (InsuranceAgents.com) – When it comes to investing your money, there are many different options available. Variable annuities are one of those options and before you invest you should know exactly what they are and if they are the right path to take for your financial investment. A variable annuity is an investment of money through your insurance company that is put into a mutual fund. There are different ways of investing your money and your insurance agent will help you decide which is best for you.

http://www.insuranceagents.com/variable-annuities.html

According to a recent article by InsuranceAgents.com titled, “What are Variable Annuities”, there are many benefits to variable annuities and you get to choose your investment options. “Variable annuities allow you the benefit of periodic payments. These payments can last for the rest of your life or that of your beneficiary”, states the article, “Variable annuities have a death benefit. If tragedy should strike before the insurance company has begun paying out on your variable annuities, your beneficiary is guaranteed a certain monetary value.” Also with variable annuities, your money remains tax-free until you begin your payout period.

While your money is being invested, you can either make payments to your insurance company or invest the money in one lump sum. When it is time for you to begin your payout period, you can also decide if you want the money all at once, or in a series of payments. The payments value with be determined based on how much money there is and how many months you would like to receive the money for. To get more information about variable annuities, contact your insurance agent or accountant so they can help you invest your money today.

Visit InsuranceAgents.com for more information.

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InsuranceAgents.com provides consumers with access to insurance information including articles, quotes, and comparisons.

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