Health Insurance Guys: Is an annuity right for you? | The Health Insurance Guys – Get your quote in a couple of minutes

Tom: OK, favorite, let's start with the disclaimer required for companies that sell annuities: "Annuities are insurance products and are not insured by the Federal Deposit Insurance Corporation (FDIC) or any other agency in the United States … Annuities involve investment risks including loss of principal because the payment of principal and interest depends exclusively on the financial conditions of the issuing insurance company. "In short, even if your annuity has worked well for your family, there is is a risk. As usual, any quote for an annuity advises you to consult your tax advisor. Al: Sooo, we just took a step forward and made a quote for you. Our general agent sent us a dozen examples. Single Premium Immediate Annuity (SPIA) Available. We are hiring an original investment of $ 100,000. The Omaha Mortgage "Ten Years CE rto e vita "pays $ 640.98 per month for a guaranteed period of 10 years and continues until death. Tom: This particular annuity is "unqualified" because you are using money that you have already been taxed on. In addition, $ 61.49 of each monthly payment is subject to tax. If you calculate your payments exactly for 10 years and then stop, the total guaranteed payment is only $ 76,917.60 of the original $ 100,000 deposit.