Episode 24: 8 facts about annuities every retiree should know

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Planning For Life

Business


What is an annuity? Immediate vs Deferred- the difference Does the beneficiary inherit your payment or your cash value? Do you have to annuitize your annuity to turn it into a income stream? Is there any insurance on the annuity or payment? How do the fees work? How do annuities earn interest? How does the insurance agent or financial advisor get paid for the annuity? Bonus! Do insurance agents or financial advisor have multiple options for annuities they can use?