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What Is an Annuity? Buyer's Guide Overview | Jeffrey S. McLeod

6:46 · Uploaded 2008-05-19 · 1,810 views (YouTube)

Summary

In this 6:46 Annuities Explained video, Jeffrey Scott McLeod, LUTC, covers “What Is an Annuity? Buyer's Guide Overview.” Receive the buyer's guide to fixed deferred annuities prepared by the National Association of insurance Commissioners this guide does not endorse any compan. Guide does not endorse any company or policy I'm going to briefly Breeze through this and remember you can receive this buyer guide at annuity.com um it is important. It says what are indexed annuities an equity indexed annuity is a fixed annu uity see fixed means unchangeable unalterable that provides either immediate or deferred. When you buy an indexed annuity you own an insurance contract you are not buying shares of any stock or index come down here how are they different from other fixed annuities. I'm still on page nine of the appendix your Equity indexed annuity they're Insurance education only—not securities advice.

Key takeaways

  • Me what are some of the equity index annuity contract features there are indexing methods which include annual reset that means it starts over every year you have a participation rate..
  • It says what are indexed annuities an equity indexed annuity is a fixed annu uity see fixed means unchangeable unalterable that provides either immediate or deferred.
  • When you buy an indexed annuity you own an insurance contract you are not buying shares of any stock or index come down here how are they different from other fixed annuities.
  • the fee Goes Down And by the way this fee margin spread or administrative fee on a fixed index annuity is of the profits only not of your original premium.
  • Confirm every feature, rate, and charge in the insurance contract and illustration for your state—not in a video alone.

From the NAIC Buyer’s Guide

Fixed indexed annuities are a type of fixed annuity that earn interest based on changes in a market index; the interest rate is guaranteed never to be less than zero, even if the market goes down. When you buy an indexed annuity, you are not investing directly in the market or the index.

Any money your annuity earns is tax deferred. That means you generally won’t pay income tax on earnings until you take them out.

The 2022 NAIC Buyer’s Guide for Deferred Annuities explains that an annuity is a contract with an insurance company. With an annuity, the insurer promises to pay income on a regular basis for a period you choose—including the rest of your life.

Source: NAIC Buyer’s Guide for Deferred Annuities (2022). The guide does not endorse any company or policy. For your state insurance department, see www.naic.org.

Questions about fixed index annuities?

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Insurance-only disclaimer

Jeffrey Scott McLeod, LUTC, is a licensed insurance producer. Content on this page is educational and discusses insurance products only—not securities, brokerage, or investment advisory services. Texas license 901162. Arkansas / National Producer Number 558629. Product availability, rates, and features vary by state and insurer. Read the NAIC Buyer’s Guide and the insurance contract before you buy.

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Insurance products only. Not securities or investment advice. TX #901162 · NPN 558629.

Jeffrey Scott McLeod, LUTC — Licensed insurance producer. Texas license 901162. Arkansas / National Producer Number 558629. Insurance products only; not securities or investment advisory services.
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