Deliver Your News to the World

Annuity Purchasers Must Not Forget the Annuitant


WEBWIRE

There is some ambiguity in the financial world about the difference between life insurance and annuities. The confusion comes from the fact that they are two different investments but both are purchased through a life insurance company. So what’s the difference? Well, a life insurance policy is designed to benefit loved ones after someone dies, so they can afford funeral expenses as well as take care of outstanding debts. An annuity is designed to benefit the purchaser while still living, and help pay for the expense of retirement.

However, with life being so fragile and unpredictable, annuity purchasers must prepare for the worst and that is why they must name an annuitant in their annuity contract. According to the article recently published on InsuranceAgents.com titled, ‘Annuitant: Who Are You?’ the annuitant is usually the same as the contract owner and will receive the benefits from the annuity after it runs its course.

“Keep in mind that purchasing an annuity is a serious financial venture that requires you seek out the advice of a life insurance agent or financial adviser,” the article states. “Ask about the different roles of the annuity contract and whether or not you should name yourself the annuitant.”

The annuitant should be chosen carefully because the pay out is determined on the annuitant’s life expectancy which relates to the gender as well as lifestyle of the annuitant. Regardless, all those interested in purchasing an annuity should consult a financial expert or life insurance agent about all aspects of an annuity.

Visit InsuranceAgents.com to learn more about annuities today.

Staff contribution: Kyle Fitzsimmons



WebWireID104615




 
 annuitant
 annuities
 insurance quotes
 insurance
 insuranceagents.com


This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.