AARP
Short Company Name:
AARP
Long Company Name:
AARP Financial
Company Type:
Association
Web Site:
Phone Number:
866-218-6142
Key Phrases:
Glossary:
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.
ACORD
Short Company Name:
ACORD
Long Company Name:
ACORD
Company Type:
Trade Association
Web Site:
Phone Number:
845-620-1700
Fax Number:
845-620-3600
Year Founded:
1970
Ownership:
Public
A.M. Best
Short Company Name:
A.M. Best
Long Company Name:
A.M. Best Company, Inc.
Company Type:
Rating Agency
Web Site:
Phone Number:
908-439-2200
Year Founded:
1899
Key Phrases:
Slides from David Babbel's Fixed Indexed Annuity Study - Recent Historical Evidence
This is a follow-up on two previous entries that discuss the...
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Manulife Shoring-up Capital in Light of Hits to Variable Annuity Business
Manulife Financial continues to recover and shore-up its balance sheet after taking some hits to its previously unhedged variable annuity business: Manulife is still recovering from exposure to billions of dollars in liabilities incurred by its variable annuity business during the global economic crisis, when unhedged bets turned sour as stock markets tumbled. Source: Reuters Full Story
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