Most annuities have a death benefit. The specific details vary depending on the contract, but generally, your beneficiaries will receive… Read More »What happens to my annuity if I die?

You can often access your money before retirement through withdrawals or surrenders, but there may be penalties, such as surrender… Read More »Can I access my money before retirement?

Annuities can have various fees, including surrender charges (for early withdrawals), administrative fees, mortality and expense risk charges (for variable… Read More »What are the fees associated with annuities?

Annuities offer tax-deferred growth. This means you don’t pay taxes on the earnings until you withdraw them. Withdrawals are taxed… Read More »How are annuities taxed?

Life insurance provides a death benefit to your beneficiaries, while annuities are primarily designed to provide a stream of income,… Read More »What is the difference between an annuity and life insurance?