Annuities Quotes Online Ewa Hawaii HI

October 25, 2008 by visitor · Leave a Comment
Filed under: Annunity Leads 

Reader’s Question:

What are variable annuities and how do they differ from fixed annuities? Sorry if this question seems silly but I just want to be informed about it. I just moved in to Ewa Hawaii HI.

Jessica

Ewa, HI

No need, Jessica, to apologize for anything. In fact, you’ve done well by asking around about annuities. The two you mentioned are the types of annuity, defined by the interest on return. Before I muddle you with these terms, let me go back at the beginning first. An annuity is simply an insurance policy you buy and after some time, your money will be returned to you, together with some interest or profit it may have earned while it was not with you. This interest is the one that can either be fixed or variable, depending on your chosen policy. Fixed annuities, as the name implies, offer a fixed interest guaranteed to be given to you at the specified time. It is comparatively lower than what you can get in a variable annuity but it is fixed and stable. It means that your interest is not dependent on some dynamic forces such as the stock market, oil prices, etc. A variable annuity, on the other hand is just an annuity plan without a fixed return on investment. Funds are usually invested in high-yield, high-risk portfolios such as the stock market. Because of its nature, it can sometimes be very rewarding but it can also be sometimes disappointing. You choose, Jessica which is best for you.

To help you in the process, you might want to look at the annuity packages some companies in Ewa Hawaii HI has to offer by entering your zip code on the search bar. Needless to say, you can march in to any insurance office in Ewa Hawaii HI and they will be happy to assist you in every way. Again, Jessica, never hesitate to ask. Curiosity may have killed the cat, but it will help you make an informed choice.

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