I think they are great for anyone that doesn't have the 20 years to hope the stock markets do well and don't want to deal with all the risks. I had a 7 year Fixed Index Annuity that matured and I did well with that one. I took all of that money and bought a 5 year with it. Great Videos, thanks!
Can you withdraw all the money including interest at the end of the term? Or does it convert to income, with the principal suddenly belonging to the insurance company?
You can withdraw all the money including interest at the end of the term. Some older policies make you annuitize as income at the end of the term, but almost all newer policies do not make you annuitize into income.
I think they are great for anyone that doesn't have the 20 years to hope the stock markets do well and don't want to deal with all the risks. I had a 7 year Fixed Index Annuity that matured and I did well with that one. I took all of that money and bought a 5 year with it. Great Videos, thanks!
Can you withdraw all the money including interest at the end of the term? Or does it convert to income, with the principal suddenly belonging to the insurance company?
You can withdraw all the money including interest at the end of the term. Some older policies make you annuitize as income at the end of the term, but almost all newer policies do not make you annuitize into income.