An annuity is a type of insurance product that can be either deferred or pay out income, and is often used as a retirement strategy. The main types of annuities are deferred annuities, fixed equity annuities, indexed annuities, immediate annuities, and variable annuities. The size of the payment that one receives, are determined by factors such as the length of the payment period. While annuities are popular insurance products for retirement, they are not suitable for everyone, especially older citizens. This is due to the notoriously high expenses one can incur while investing in annuities.
Aviva Life Insurance Company: Aviva USA/Athene USA, Aviva Life and Annuity, are among many insurance companies that sell Indexed Annuities across the United States.
Aviva USA/Athene USA, and Aviva Life and Annuity annuities are a type of insurance policy. Many times annuities can have surrender charges or penalties associated with them if money is taken out before the surrender period expires. Seniors need to be careful of having illiquid investments that have surrender charges associated with them in the event that they need to take out money from the policy for living, health and emergency expenses.
California deferred annuity attorney’s urges senior citizens to be wary of purchasing any type of annuity investments. Indexed Annuities have high surrender chargers, but are often targeted to seniors because of the high commissions, and premium bonuses that sales agents receive from making annuity policy sales.
However, seniors and elders should be careful when purchasing an annuity, making sure they thoroughly understand what an annuity is, or what type of annuity they are purchasing.
If you have any investment policies from Aviva Life Insurance Company: Aviva USA/Athene USA, Aviva Life and Annuity Company, and would like a free and confidential legal evaluation of it, contact Evans Law Firm, Inc. at 415-441-8669 or email@example.com.