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Where To Get a Genuine Annuity Quote?

So, you’ve decided that an annuity plan is the right and most wise way for you to invest your money. Congratulations! Now you need to make sure you find a life insurance annuity plan that is right for you.

With so many annuity products on the market it can be difficult to know where to start. With a little information like the information provided throughout this website, you will become an annuity expert in no time – or at least, you will know enough to sound like an expert and to take advantage of the opportunities that might offer you.

Where can I get an Annuity Quote?

You can get an annuity quote from any company that offers life insurance annuity. There are different options for obtaining a quote. You can go into their offices and sit down with a representative who will ask you questions about your life and your investment plans. Then the representative can give you details of the plans they have that suit what you want to get out of your annuity.

You can call the life insurance company on the phone. Again, you will speak with a representative who will ask you questions and offer you advice on the best plan.

You can also go the life insurance company’s website. Many companies now have quote forms online. You can fill out a form and the company will email you all of the detail about the products that best fit your needs. The upside to this option is that you are not confined to business hours – you can get the quote at any time you like.

You should not forget when speaking with a life insurance company representative that these representatives are NOT impartial. They are sales people. They will not give you information on their competitors products, even if those products would be a better match for you or would save or make you more money.

Therefore, you must be careful to get a few quotes from different companies, rather than relying on one sales person to tell you everything you need to know about the annuity rates and annuity quote.

How are Annuity Rates Calculated?

The calculation for annuity rates depends on the kind of annuity product you choose, whether it is a fixed annuity or a variable annuity.

The fixed annuity will give you a guaranteed level of interest – like a long term savings account. The annuity rates for variable annuities will depend on what the money is invested in and how well the investment does. While this is a more risky proposition, it can also be a more profitable one.

This is not always the case, however, as many people discovered during the US Subprime loans disaster, when the stock market crashed and many people lost a lot of money they had tied up in annuity and other investments.

What else do I need to know about Annuity?

Annuity is a great way to invest your money, if you have all of the facts. There are many other issues about annuity that you need to know. If you have already done your research then that is good. But if you have not yet learned everything you need to know about annuities tax, you should read as much as you can.

Otherwise, you may find yourself caught out by annuity contracts or worse – by annuity taxes and harsh fees for early withdrawals.

The best place to go for more information on annuity is to your trusted financial advisor – whether that is your accountant, financial planner or your taxation expert. Have them run you through the facts and their opinions on whether life insurance annuity is for you.

That way, you can be sure you are making an informed decision.