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Why are annuities called life insurance?

Updated: 9/19/2023
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EncofBizandFinance

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13y ago

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Annuity income depends on life expectancy and is thus classified as life insurance.

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13y ago
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Q: Why are annuities called life insurance?
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Where might one find information regarding life insurance annuities?

One might find information regarding life insurance annuities online at various websites. One can find information about life insurance annuities at insurance company websites such as Nationwide and MetLife.


Can you sell fixed annuities yourself?

You can sell fixed annuities if you have a life insurance license.


Where can someone find detailed information to have annuities explained to them?

One can find detailed information on annuities explained to them through a life insurance representative. MetLife has extensive information on annuities as does Sun Life Insurance.


Are annuities with Life Insurance Companies covered by FDIC?

No. Each State covers annuities and life insurance. It's actually a lot better than the FDIC.


What are three types of insurance annuities?

Three types of Insurance Annuities are variable annuities, fixed annuities and indexed annuities.


Did you acquire a block of annuities from Universe Life Insurance Company?

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What is the best way to invest for your future?

Life insurance and annuities.


What does American General offer to people?

American General offers whole insurance, life insurance, group life insurance, annuities, and voluntary life insurance.


Can you sell annuities with a life insurance license?

Depending on your license you may be able to sell fixed annuities. Variable annuities require Series-7 license however


Is AIG a terrorist organization?

AIG sells insurance including high cost annuities that scam people. To me, anyone that sells annuities and life insurance to old people is a terrorist.....


Who bought national investors life insurance company group annuities?

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How annuities work?

Annuities have been described as reverse life insurance policies. You pay a large amount to your insurance company to start it and will receive small cash amounts over time. It's the opposite of insurance.