Home / Annuity Basics – Getting Started

If you’re new to annuities and interested in learning more, there are two primary routes you can go; speaking with and expert or self-directed learning.

Ask an Expert

Speak with an expert who will learn more about your unique situation and can explain types of products that will best fit your needs and help you reach your retirement goals.
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Ask Annuity FYI

Self-directed Learning

Utilize the resources on AnnuityFYI.com, learning at your own pace. Below, you will find links to information and videos to quickly bring you up to speed on annuities. Read on to determine if an annuity is right for you, and if so, what type of annuity might be the best fit. Self-assessments, check lists and warnings represent some additional content those new to annuities find especially helpful. Click the headings below for more information. At any time, feel free to reach out to the experts at Annuity FYI should you have questions.

What is an annuity?

An annuity is a contract between you (the annuity owner) and an insurance company. In return for your payment, the insurance company agrees to provide either a regular stream of income, the right to withdraw up to a certain percentage per year, or even a lump sum payment at some future time (generally, once you retire or pass age 59 1/2).

Is an annuity suitable for me?

For some, annuities can complement a total retirement income strategy to supplement other sources of money during retirement. Annuities have advantages such as allowing you to pay in unlimited premiums and they grow compound tax-deferred. (Upon withdrawals,** you will pay taxes on interest earned and the principal if the annuity was purchased with pre-tax dollars.) However, annuities are not for everyone.

What are the different types of annuities?

There are different types of annuities to meet the specific needs of individual retirees and pre-retirees. Annuity FYI can help simplify the selection process.

The Annuity Qualifier

Help me determine which may be the best annuity for my financial situation.

Retirement Self Assessment

What type of retiree or pre-retiree are you? Take this self-assessment consisting of ten statements designed to help you decide what may be the best use of your retirement dollars.

Annuity Checklist

You want to be well-informed to put your money to work in the best way for your situation. Annuity FYI suggests that, prior to making a purchase decision about an annuity, you consider some ideas about the product, the insurance company behind it, and the licensed professional selling it.

Annuity Warnings

Annuity FYI regularly publishes warnings about potential pitfalls in purchasing an annuity. Read this before you purchase!

Annuities: Find The Right One For You

What type of annuity might best suit your situation? This guide explains the main types of annuities and identifies what to look for in each.

 

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ANNUITY BASICS

QLACs Hedge Against Longevity Risk

For those nearing or in early retirement, the fear of running out of money is a very real concern. Enter …

Pacific Life Adds New Fixed Indexed Annuity to Line-up

Pacific Life Insurance Company has just announced the latest in their fixed indexed annuity line-up. Pacific Index FoundationSM  will replace …

Should Your Retirement Plan Include an Annuity?

Most people who have started to think about their retirement plan realize that a pension or Social Security alone will …

Nationwide Launches New Fee-based FIA

Leading insurance and financial services organization, Nationwide, has just announced the launch of a new fee-based fixed indexed annuity (FIA). …

Improve Cash Flow While Giving Back with a Charitable Gift Annuity

If you are interested in steady income in retirement with an attractive return and low risk, consider a charitable gift …

DOL Reviews Annuity Exemptions in Fiduciary Rule

This week, the Department of Labor requested information on the fiduciary rule giving some industry players hope that the sales …

ARTICLES & GUIDES

QLACs Hedge Against Longevity Risk

For those nearing or in early retirement, the fear of running out of money is a very real concern.

Pacific Life Adds New Fixed Indexed Annuity to Line-up

Pacific Life Insurance Company has just announced the latest in their fixed indexed annuity

Nationwide Launches New Fee-based FIA

Leading insurance and financial services organization, Nationwide, has just announced the launch of

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