
Com Purchase 2 Index Growth Annuity IGA 5 IGA 7 Attach Index Growth Annuity Disclosure, Form 12264
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People also ask
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What is the period during which an annuity owner pays premiums into an annuity contract?
Accumulation phase: The time period where all premiums are paid into the annuity and the money grows tax- deferred.
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What is the income rider for a security benefit?
An income rider is an optional feature for deferred annuities that provides guaranteed lifetime income, with potential benefits such as a growing benefit base and protection against market declines.
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Which of the following is not true regarding the annuity?
Final answer: The statement 'The annuitant cannot be the same person as the annuity owner' is not true regarding an annuitant; the annuitant can indeed be the annuity owner, who is the person purchasing and controlling the annuity policy.
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What is the average return on an index annuity?
Average Return on a Fixed Indexed Annuity The average return can be between 5% and 7%, depending on the index performance, participation rate, cap rate, and spread. Using our fixed index annuity calculator can help provide potential monthly payments.
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What is the security benefit strategic growth 7 annuity?
The Security Benefit Strategic Growth 7 Annuity is a modified single premium, deferred fixed index annuity with 43 available interest crediting options designed to help consumers accumulate retirement savings without risk.
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Where do fixed annuity premiums go?
How are fixed annuity premiums invested? Fixed annuities are insurance contracts issued by insurance companies. Their premiums are invested into portfolios made up of predominantly public high-quality fixed-income investments providing income and reducing volatility.
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When a fixed annuity owner pays a monthly premium to the insurance company, where is this money placed?
An insurance company forwards fixed annuity premiums to the general account, where the money is invested.
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When a fixed annuity owner pays a monthly annuity premium?
When an owner of a fixed annuity pays a monthly annuity premium to the insurance company, this money is typically placed in the insurance company's general account (C). Unlike variable annuities, which have separate accounts for each contract, fixed annuities pool their funds into the company's general account.
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