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Variable annuities enable you to invest in a selection of portfolios, called sub-accounts. These sub-accounts are tied to market performance, and often have a corresponding managed investment after which they are modeled. Available choices range from the most conservative, such as money market, guaranteed fixed accounts, and government bond funds, to more aggressive such as growth, small cap, mid cap, large cap, capital appreciation, aggressive growth, and emerging markets in...vestments. You can invest in fixed accounts, money market, domestic, international, specialty, sector funds and small, medium and large cap funds. Some have as many as forty or more investment choices with ten or more managers, and allow you to switch between them at no cost and without taxes (although excessive changes to your contract could result in the imposition of a small fee, so be sure to consult your financial planner or prospectus if you are making regular changes). Many variable annuities allow for transferring among sub-accounts free of charge. See more

Fixed annuities are invested primarily in government securities and high-grade corporate bonds. They offer a guaranteed rate of return, typically over a period of one to fifteen years. There are two basic types of fixed annuities: the Guaranteed Return Annuities (GRA) is a fixed annuity that offers a guarantee that you can never receive less than 100% of your investment no penalties or fluctuations in the interest rate market can impact your principal should you surrender. ...The Market Value Adjustment annuity (MVA) works much like the GRA, but there is no guarantee of your principal if rates rise and you surrender your contract. MVAs work like a bond and often pay more than a GRA due to the increased short-term risk of rising rates. It is important to note that, unlike a variable annuity, where your funds are held separately from the insurance company, with a fixed annuity your assets are part of the general accounts of the insurer, and are subject to the claims-paying ability of the issuing company See more

Deferred Annuities In a deferred annuity, you typically receive payments starting at some future date, usually at retirement. However, most deferred annuities allow for systematic withdrawal payments beginning thirty days after the purchase of your annuity, up to 10% per year, in most cases. With a deferred annuity you can invest either a lump sum all at once, or make periodic payments, either fixed or variable. Those funds grow tax-deferred until you’re ready to begin receiving payments.

Immediate Annuities In an immediate annuity, the investor begins to receive payments immediately upon investing. This is for investors that need immediate income from their annuity. When you purchase an immediate annuity you can choose between payments for a certain period of time (typically five to twenty years - period certain), payments for the rest of your life and/or your spouse’s life, or any combination of the two. You can even choose between a fixed payment that doesn’t vary or a variable payment that is based on market performance.

An annuity is a contract between you and an insurance company that agrees to make periodic payments for a given period of time, or until a specified event occurs (for example, the death of the person who receives the payments). Whereas life insurance pays a benefit if an insured person dies, an annuity may make payments as long as an insured person lives. In this manner, annuities are often used to provide an income stream during retirement. You can "fund" an annuity all at o...nce - known as a single premium - or you can pay over time. With an immediate annuity (also called an income annuity), fixed payments begin as soon as the investment is made. If you invest in a deferred annuity, the principal you invest grows for a specific period of time until you begin taking withdrawals - typically during retirement. The owner of the contract is the person who purchases the annuity and who is entitled to make changes to the policy; the annuitant is the insured person; and the beneficiary is the person designated by the owner to receive whatever is left in the annuity after the annuitant dies. In many cases, the owner and the annuitant are the same person, and the beneficiary is a spouse or child. In other cases, the owner and the annuitant may be different people. The annuitant becomes significant if and when the contract is annuitized. When a contract becomes annuitized, the annuitant receives a fixed monthly income from the insurance company (typically for life), while giving up any claim to receive a "lump sum" payment. The monthly income will be determined by the annuitant’s - and not the owner’s - age and life expectancy. For example, if a 40 year old woman purchases an annuity and designates her 70 year old father as the annuitant, he would qualify for larger monthly payments each month than his daughter would (because the insurance company would expect to make fewer payments to an older person).

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Anxiety is, in a sense, fear. Anxiety isn't necessarily being afraid of anything, but anxiety is the activation of your fight or flight system the system that... is triggered by fear. Do not fear, God is with you; do not be dismayed, for he is your God. He will strengthen you and help you. See more