| Type | Description | Minimum |
|---|---|---|
| Fixed Annuities | An investment vehicle that provides tax-deferred accumulation at a specified interest rate for an initial guarantee period (typically one year). Each period thereafter, a rate is declared (which must exceed a stated minimum rate). This website will compare fixed annuities offered from highly rated life insurers such as AIG, Allstate, Nationwide and Keyport. |
$2000 for Qualified accounts $4000 for non-qualified accounts |
| Immediate Annuities | An income distribution vehicle that takes your lump sum investment and provides a specific stream of payments in return. The length of the payment stream may be guaranteed for a specified period, a lifetime or a joint lifetime. The payment amount may be a fixed amount or an amount tied to the underlying performance of portfolios (investment subaccounts). This website will compare immediate annuities from Allstate, Hartford , Genworth Financial & Nationwide. |
$4000 |
| Market Value Adjusted Annuities | An investment vehicle that provides for tax-deferred accumulation at a specific interest rate for a specified period of time. If liquidity is needed prior to the end of the specified period, a market-value-adjusted annuity functions like a bond, in that there can be a premium or discount applied at the time of the early sale. Interest rate guarantee periods range from one year to 10 years. This website compares market-value-adjusted annuities from three highly rated life insurers: Allstate, Hartford and Travelers. Contracts typically have a CDSC period equal in length to the interest rate guarantee period. |
$1000 |
| Variable Annuities | An investment vehicle that allows you to invest in a wide-range of portfolios (investment subaccounts) from a selection of asset managers on a tax-deferred basis. In addition to tax-deferred investment management, variable annuities can provide various guarantees (riders) on the amount that will be available as a death benefit or as retirement income. This website compares variable annuities from eight highly rated life insurers:
|
$1000 |