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Glossary
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Immediate Annuity |
| An annuity contract that you generally buy with a lump sum and from which you begin receiving income within a short period, always less than 13 months. An immediate annuity can be either fixed or variable. |
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Income Options |
| The various ways to receive income payments that an annuity contract offers. Many annuities offer a variety of options you can choose from, including guaranteed income for life. |
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Income for a Guaranteed Time Period Annuity |
| An annuity income option that guarantees payments for a specific time period, usually from 5 to 30 years. If the annuitant dies before all payments have been made, then the owner (or beneficiary if the owner is deceased) will receive the balance of payments for the rest of the guaranteed period. You may be able to choose fixed or variable payments, depending on the annuity. |
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Income for Life Annuity |
| An annuity income option that guarantees income for the life of the annuitant, no matter how long he/she lives. The amount of the payment depends on your account value and the life expectancy of the annuitant. The payment amounts may be fixed or variable, depending on the annuity. |
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Income for Life with a Guaranteed Time Period Annuity |
| An annuity income option that guarantees payments for the annuitant's life, with a guaranteed number of years. If the annuitant dies during the guaranteed period, payments will continue to the annuity's owner (or beneficiary if the owner is deceased), for the remainder of the period. Many annuities also offer this option for the lives of two annuitants. You may be able to choose fixed or variable payments, depending on the annuity. |
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Income For Two Lives Annuity |
| An annuity income option that guarantees income for the lives of two annuitants. After one annuitant dies, payments continue if the other annuitant is alive. Payments stop once both annuitants are no longer alive. Payments after the first annuitant's death may be the same, or lower, depending on what was selected at the time of purchase. You may be able to choose fixed or variable payments, depending on the annuity. |
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Index Portfolio |
| Investment portfolio that attempts to mirror the performance of a benchmark index, such as the Standard and Poor's® 500 Composite Stock Price Index ("S&P 500®"). The portfolio tends to hold all or many of the same stocks or bonds that are tracked by the actual index. Index portfolio fees may be lower than those of other portfolios because there is relatively little buying and selling of portfolio securities. |
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Inflation Risk |
| The risk that the rising cost of goods and services will reduce the value of your investment, and your buying power, over time. |
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Interest Rate Risk |
| The risk that interest rates will rise and reduce the value of an investment. For example, bond prices generally move in the opposite direction of interest rates. As interest rates rise, bond prices generally fall, and vice versa. |
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International Stocks |
| Stocks of companies that are domiciled outside of the United States. |
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Investment Choices |
| The investment portfolios offered in a variable annuity are sometimes referred to as investment choices, subaccounts or investment divisions. Many variable annuities offer a wide range of stock and bond investment options, with different risk levels. |
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Investment Objective |
| A financial goal a client hopes to achieve through investing. Common investment objectives include: Preservation of Capital, Income, Growth and Income, Growth and Aggressive Growth. |
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Investment-Related Charges |
| In a variable annuity, the investment-related charges are the annual amount you pay to cover the costs of the professionals who manage the investment portfolios and the expenses incurred by the portfolios and 12b-1 fees. The amounts you pay depend on which investment options you select. |
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Annuity Quotes :
Annuity Quotes are available for
Alabama
, Alaska
, Arizona
, Arkansas
, California
, Colorado
, Connecticut
, Delaware
, District of Columbia
, Florida
, Georgia
, Hawaii
, Idaho
, Illinois
, Indiana
, Iowa
, Kansas
, Kentucky
, Louisiana
, Maine
, Maryland
, Massachusetts
, Michigan
, Minnesota
, Mississippi
, Missouri
, Montana
, Nebraska
, Nevada
, New Hampshire
, New Jersey
, New Mexico
, New York
, North Carolina
, North Dakota
, Ohio
, Oklahoma
, Oregon
, Pennsylvania
, Puerto Rico
, Rhode Island
, South Carolina
, South Dakota
, Tennessee
, Texas
, Utah
, Vermont
, Virginia
, Washington
, West Virginia
, Wisconsin
, Wyoming
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