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A variable annuity is a contract between you and an insurance company. It allows you to grow your retirement savings and receive a steady stream of payments later. Like all annuities, you agree to ...
The goals of an annuity and life insurance differ: An annuity safeguards your income, perhaps for life, whereas life insurance protects your heirs if you die. While annuities offer an income ...
Single-premium immediate annuity (SPIA): SPIAs are the most common type of income annuity. You pay a lump sum upfront, and the annuity company starts making payments to you shortly after that, ...
The company's main center for broker-dealer (the ING Financial Partners division) [2] and annuities businesses is located in Des Moines, Iowa. [4] This center was first established in 1997 and employed 400 as of late 2014. [2] [4] On July 31, 2017, Voya entered into an agreement with Cognizant to outsource a broad range of IT services, resulting in layoffs and jobs transferred to Cognizant. [5]
As of December 31, 2014, VALIC has more than $86 billion in total customer assets under management and manages plans for nearly 24,000 groups serving more than 2 million plan participants in 41,000 locations in the U.S. [citation needed] VALIC represents The Variable Annuity Life Insurance Company and its subsidiaries, VALIC Financial Advisors, Inc. and VALIC Retirement Services Company ...
Jackson National Life Insurance Company (often referred to as simply Jackson) is a U.S. company that provides annuities for retail investors and fixed income products for institutional investors. Jackson subsidiaries and affiliates provide specialized asset management and retail brokerage services. Prior to being spun off in 2021, Jackson was a subsidiary of the British insurer, Prudential plc ...
An annuity is a financial product that pays out a fixed amount of money, usually in a series of payments. Annuities are popular -- sales of annuities increased by 22% in 2022 as compared to 2021...
In the United States, an annuity is a financial product which offers tax-deferred growth and which usually offers benefits such as an income for life. Typically these are offered as structured ( insurance) products that each state approves and regulates in which case they are designed using a mortality table and mainly guaranteed by a life insurer. There are many different varieties of ...