In this 0:20 Annuities Explained YouTube Short, Jeffrey Scott McLeod, LUTC, covers “What is a Bonus annuity?.” Next 10 years and heap it forward into your annuity. That's how you get a premium bonus. They can only count on 3% for the. Book an appointment below and I'll show you Insurance education only—not securities advice.
Key takeaways
Next 10 years and heap it forward into your annuity.
That's how you get a premium bonus.
This Short is a quick overview—confirm features, rates, and charges in the insurance contract and NAIC Buyer’s Guide.
From the NAIC Buyer’s Guide
Deferred annuities differ by how you pay premiums—such as single premium, flexible premium, or other patterns described in the contract—and by fees and charges.
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.
Immediate annuities begin payments soon after purchase; deferred annuities begin at a later date you choose. Most deferred annuities have an accumulation period and a payout period.
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.
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.