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I am 55,small fixed income,is insurance annuity good investment?

Feb 22, 1792 by Janet | Posted in Investing

I am 55, retired, on small fixed income.Have no one to leave any money to, so that is not an issue. I have $200K for the rest of my life savings. I would like a fixed income, with capital preservation, LOW risk. OR...Would insurance annuity be a good

If you are sure you have no one to leave the money to, then an annuity is OK. Other wise it is the worst possible option, bar none.

But if I were you, I would put it in a CD. The interest rate will be a little less, but you can leave the

Franco | Feb 22, 2754

DTC changes may impact life insurance products

22.02.12

The Direct Tax Code (DTC) is proposed to be introduced as a Bill in Parliament's winter session. The proposed DTC, if passed, will replace the existing Income-Tax act of 1961 and will come into force from April 1, 2012. However, the proposed new Direct Taxes Code Bill 2010, if implemented in the proposed form, will be detrimental to the interests of individual policy-holders in insurance companies.

Under the proposed DTC Bill 2010, deduction for payment towards a typical life insurance cover is allowed if the premium paid in any of the years during the policy term does not exceed 5 per cent of the capital sum assured under the policy.

This proposed cap of 5 per cent will deny benefits to large number of policyholders. For an individual aged 30, the minimum term will be around 21- 22 years and for 40 years and above, the term will be 28 years or more.

This will lead to inequity, as for the same term and sum assured, the tax exemption would be available to, say, a 30-year-old person, but not to 40-year-ld person because of higher term insurance content.

Source: Hindu Business Line

Are Indexed Annuities Good Investments? 1.800.643.7544

Visit www.annuitycampus.com-Indexed annuities good investments is not correct. They are savings vehicles. The AnnuityCampus.com Team, are experts ...

Annuities - Good deal - explained?

by Michelle

Selling to a large company can be done quickly as they generally have immediate money available to do so. The only problem with this option is the fact that the price the large company will pay is going to be less than the annuity is actually worth. That way if the investment is not meeting expectations it will be understood how to sell annuity contracts. Taking the money out of the annuity and selling it are both options. This option will probably result in the individual getting a higher price for the annuity but the process may take a little while. Selling the annuity contracts is a better option....

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Annuity good investment - Bookshelf


Get a Life, You Don't Need a Million to Retire Well
364 pages 		Get a Life, You Don't Need a Million to Retire Well

Creator: Ralph E. Warner | Business & Economics - 2004-11-15
Are variable annuities a good investment choice for a savvy peasant? For people in lower tax brackets, there is little benefit since, after all, ...
Publisher: NOLO
Kiplinger's Personal Finance
156 pages 		Kiplinger's Personal Finance

2000-11
"We generally try to avoid annuities because we don't think that over the long term they are a good investment," he says. But that doesn't mean that the ...
Kiplinger's Personal Finance
144 pages 		Kiplinger's Personal Finance

1999-04
But many young people don't meet the other criteria that make variable annuities a good investment. Even if you have a long time horizon, variable annuities ...
ABA Journal
108 pages 		ABA Journal

1968-02
Variable Annuities Mr. Kern describes variable annuity contracts and outlines the ... the fixed-dollar annuity contract proved to be a good investment for ...
Black Enterprise
100 pages 		Black Enterprise

1993-08
Another good reason to get a variable annuity: The money goes into a separate ... Part of their appeal: Annuities are one of the few remaining investments ...

Annuity good investment - News


Need to boost retirement income? Consider variable annuities
Payson Roundup - Feb 25, 2011
Tax deferred earnings — Your variable annuity's earnings have the opportunity to grow tax deferred, which means your investment dollars can accumulate faster than if they were placed in an investment on which you paid taxes every year.

American Equity Life Shares Plunge and Recover: What You Need to Know
Motley Fool - Feb 24, 2011
So what: Blame traders who couldn't decide whether this annuity underwriter reported good or awful fourth-quarter results. On the one hand, revenue and net investment income improved. On the other, per-share GAAP profit fell to $0.41 from $0.48 in the

Never too late to rebuild retirement funds
Globe and Mail - Feb 25, 2011
Never too late to rebuild retirement funds This investment combines a life insurance policy with an annuity that pays a monthly income for life. “It's a strategy that doesn't get a lot of attention but is something that can be very effective for someone in their 70s who is in relatively good

Monthly vs. Quarterly vs. Annual: Does Frequency Matter?
AdvisorOne - Feb 25, 2011
Why a day is just as long as a month in the long-term universe of variable annuities. Recently, when I've had the chance to listen to insurance company annuity wholesalers pitch their variable annuity riders, I've been hearing much ado about “reset

Desjardins Group surplus earnings increase a historic 34% or $1437 million for ...
DigitalJournal.com (press release) - Feb 25, 2011
The decline was due in part to a $142 million increase in claims, benefits, annuities and changes in insurance provisions, write-offs of certain assets and an increase in provisions related to agreements with suppliers and the investment portfolio.

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