The Money Farm Team

Venerable is a privately held corporation with offices in West Chester, Pennsylvania, and Des Moines, Iowa. Venerable has bought and administers legacy variable annuity business from other companies. Is Venerable a good company? Venerable Holdings (“Venerable”) announced the completion of its acquisition of Voya Financial, Inc.’s closed Block Variable Annuity (CBVA) business in a news […]

A guaranteed annuity can bring peace of mind to clients who are concerned about the longevity of their super and market volatility. They will know exactly how much income they will receive and for how long. Challenger Life and AIA Australia are the two long-term fixed annuity and lifelong annuity product providers in the Australian

In some forms of annuities, guaranteed income cannot keep up with inflation. Long-term contracts Annuities are long-term contracts that last anywhere from three to twenty years, and they come with penalties if you violate them. Annuities typically allow for penalty-free withdrawals. Penalties will be imposed if an annuitant withdraws more than the permissible amount. Are

A ten-day or longer “free look” term is common in variable annuity contracts. During this time, you have the option to cancel your contract without incurring any fees, and you will be refunded the amount you paid. During the “free look” period, you can continue to ask questions until you fully understand the variable annuity

If you sell or remove money from a variable annuity during the “surrender period,” a predetermined period of time that normally lasts six to eight years after you purchase the annuity, you must incur a “surrender charge.” Surrender fees will diminish the value of your investment and reduce your return. What is the purpose of

A 10-year fixed annuity earning 3.25 percent is now the highest guaranteed annuity rate. Which annuity pays the highest interest? Deferred fixed annuities protect principal and typically pay greater interest rates than Treasury bonds and certificates of deposit. Guaranteed five-year annuity rates have recently ranged from 2.25 percent to 2.5 percent, compared to 1.25 percent

An annuity rate is the annual percentage increase in the value of an annuity. Insurance firms set the rates for annuities. The annuity return rate is determined by the amount of money invested, the interest rate, and the contract period. What is the typical interest rate on an annuity? According to AnnuityAdvantage’s online rate database,

Lottery winners have the option of receiving their prize as an annuity or a lump sum. The annuity option, also known as a “lottery annuity,” gives annual payouts over time. A lump-sum payout is when you receive the entire amount of your after-tax profits all at once. Winners of the Powerball and Mega Millions games

An annuity is a contract between you and an insurance company in which you pay a lump-sum payment or a series of payments in exchange for regular payments, which can start right away or at a later date. What is annuity with example? A series of payments made at regular intervals is known as an

What is an annuity’s nonforfeiture value before it is annuitized? Withdrawals and surrender charges are deducted from all premiums paid, plus interest. What is the annuitization period of an annuity? The annuitization phase of an annuity is the time when the annuitant—the person who owns the annuity—begins to receive payments from the investment. Annuities are