An annuity is a contract made between an investor and an insurance company. The investor gives the company money, in payments or lump sum, which can grow untaxed. The money can then be returned to the investor in a variety of ways. Because brokers can earn relatively high commissions from annuities, they often encourage investors to buy them, even when an annuity is not the most advantageous investment. Some brokers have also been dishonest about costs associated with annuities, such as hefty penalties for early withdrawal. While variable annuities are regulated by the Securities and Exchange Commission, fixed annuities are not, because they are not considered securities.
Securities Exchange Warnings and Other Annuity Concerns
According to the Securities Exchange Commission (SEC) an annuity is a contract between an investor and an insurance company, under which a lump-sum payment or series of payments is made by the investor. Annuities typically offer tax-deferred growth of earnings and may include a death benefit that will pay a beneficiary a guaranteed minimum amount, such as the total purchase payments. There are generally two types of annuities - fixed and variable .
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Variable Annuities Are Complicated
There are generally two types of annuities - fixed and variable . Variable annuities are securities regulated by the Securities Exchange Commission (SEC), and the commission has recently warned consumers about the purchase of variable annuities. The mission of the SEC is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.
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Annuities Jury Verdicts
______ $4,100,306 including $100,306 past medicals. - Products Liability Products Liability - Fan - No Thermal Cut Off Device - Burns - Juveniles - Fire
______ $2,720,000. Breakdown: $2,070,000 wrongful death and $650,000 on plaintiff husband's personal injury claim. See Editor's Note. - Motor Vehicle Auto/truck Accident - Rear-end - Fatality - Wrongful Death - Liability Admitted
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Annuities FDA Information
Direct-to-Consumer Promotion
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Annuities Government Articles
SEC and NASD Release Joint Staff Report on Broker-Dealer Sales of Variable Insurance Products
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Annuities News Articles
NASD Charges Waddell & Reed with Suitability Violations Relating to Thousands of Variable Annuity Exchanges and Seeks Customer Compensation; Two Senior Execs Also Charged
Should You Exchange Your Variable Annuity?
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Annuities Newsfeeds
Jackson's 2007 Sales Rise 22% to More Than $14.5 Billion
Online video reaches new record
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Annuities Useful Web Sites
Variable Annuities: What You Should Know
Anapol Schwartz, Securities Fraud Attorneys
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Annuities Wikipedia
Annuity (finance theory)
Insurance policy
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