Annuity

An annuity comes in many forms, but a simple definition is that an annuity is a contract that converts a sum of money into a series of periodic payments for an agreed upon period of time. An annuity can be thought of as a financial vehicle that converts a pool of money into a stream of income. Annuities are most useful in addressing the financial planning needs of people in or approaching retirement. Annuities are unique in the financial world because they can provide protection against the risk or outliving one’s assets (longevity risk) by guaranteeing income payments in perpetuity or any other selected amount of time. Annuities can be viewed as a type of personal pension plan. Social Security is similar to an annuity in that money contributed over the course of one’s working years is converted into a series of periodic payments that provide income during retirement.

Northwestern Mutual

Short Company Name: 
Northwestern Mutual
Long Company Name: 
Northwestern Mutual

Northwestern Mutual is a mutual insurer that has been in operation since 1857. Northwestern Mutual offers products and services in the areas of insurance and investments. Specifically, the company offers products in the areas of life insurance, disability insurance, annuities, long-term care, mutual funds, financial planning, estate planning, trust services and other investment advisory services.

Company Type: 
Insurance Company
Address
Street Address: 
720 E Wisconsin Ave
City: 
Milwaukee
State: 
WI
Country: 
USA
Phone Number: 
414-271-1444
Year Founded: 
1857
Key Phrases: 

North Carolina Mutual

Short Company Name: 
North Carolina Mutual
Long Company Name: 
North Carolina Mutual Life Insurance Company

North Carolina Mutual Life Insurance Company is located in Durham, North Carolina and has grown as the largest African American managed financial institution in the United States. It was established in 1899 by John Merrick. Apart from it insurance business operations, the North Carolina Mutual Life Insurance Company is also known for its involvement in and support for social programs by way of investments, jobs, contributions etc.

Company Type: 
Insurance Company
Address
Street Address: 
411 W Chapel Hill St.
City: 
Durham
State: 
NC
ZIP Code: 
27701
Country: 
USA
Phone Number: 
800-626-1899
Fax Number: 
919-682-1685
Year Founded: 
1899

New York Life

Short Company Name: 
New York Life
Long Company Name: 
New York Life

Company Type: 
Insurance Company
Address
Street Address: 
51 Madison Avenue
City: 
New York
State: 
NY
ZIP Code: 
10010
Country: 
USA
Phone Number: 
800-598-2019
Year Founded: 
1979

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