Annuities: Who’s Involved and What Are Their Roles?

Jan. 15, 2010 - PRLog -- Chicago (InsuranceAgents.com) – When opening an annuity, it is extremely important to not only understand the terminology but who is involved when it comes to securing your annuity. Understanding the basics of annuities is stressful in its own right, but when you have more than just yourself involved in a contract, its important to understand what is expected of everyone involved to ensure everything runs smoothly and you and your money are properly handled.

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In a recent article by InsuranceAgents.com, “Annuities: Who’s Involved,” they discuss who specifically is involved when it comes to annuities, what their role is and who determines their roles. “There are four different people typically involved in annuities: the Owner, the Issuer, the Annuitant and the Beneficiaries,” states the article, “The annuities owner is the one who makes all of these decisions. He or she selects the annuities issuer, designates the annuitant and names the annuities beneficiaries.” It is at the complete control of the annuity owner to choose who will have contact with his or her investment and their responsibility to choose an insurance company that is trustworthy and responsible since it is with them that a contract is written up and agreed upon between the two.
To find out more about annuities, consumers should contact their insurance agent about any questions and concerns they may have. Insurance agents will be able to recommend annuity plans that will benefit you the most and ensure you and your investment is properly taken care of.

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