Amica
Short Company Name:
Amica
Long Company Name:
Amica Life Insurance
Company Type:
Insurance Company
Web Site:
Phone Number:
800-619-6077
Year Founded:
1907
Key Phrases:
Glossary:
Ownership:
Private
Deferred Annuity
An annuity with a payout phase that commences (is “deferred”) at some specified future date. Deferred annuities can be purchased with either single (lump sum) or periodic premium payments. The contract holder determines the deferral period. Deferred annuity payments can be either fixed or variable. With a deferred annuity: 1) the money can go in as a single premium payment or a series of payments; 2) the money can be invested at a guaranteed rate or variable rate, and;
3) payments are deferred to some future date.
American Home
Short Company Name:
American Home
Long Company Name:
American Home Life Insurance Company
Company Type:
Insurance Company
Web Site:
Phone Number:
800-876-0199
Year Founded:
1909
Key Phrases:
American Family
Short Company Name:
American Family
Long Company Name:
American Family Insurance
Company Type:
Insurance Company
Web Site:
Phone Number:
608-249-2111
Key Phrases:
Glossary:
Retirement Experts Working on 401k Plans that Allow for Test Drive of Annuities
Retirement experts are working through the Retirement Security Project in Washington to develop concepts that would increase annuity ownership within 401k plans. Concepts include providing 401k participants with the ability to test drive annuities through an "automatic trial income strategy." In other words, at retirement about half of a person's plan assets would be placed in a trial income plan that would pay out a monthly annuity income for two years. Participants would then have the ability...
Key Phrases:
