Income can refer to cash flow derived from a variety of sources, including personal earnings, investment earnings, businesses or even real estate. These forms of income are generally referred to as earned income. There are also sources of unearned income, particularly when discussing investments. Dividends, capital gains and interest are common examples of unearned income.
With regard to an annuity, it will completely depend on the structure of the annuity contract and any additional riders that might be attached to that contract. At a basic level, the death value can be the initial deposit amount, less any withdrawals and market performance. Most of the bigger companies provide a somewhat enhanced death benefit. This usually is the initial
Thanks for reaching-out.
It is generally very difficult if not impossible to provide a simple yes/no answer to this type of question without having much more detail regarding your situation and needs. That said, here are some things to think about:
Submitted by tom on
Banks are a powerful source of annuity sales.
The most recent quarterly results for bank annuity sales was $582.6 million. This amount represents income from fees and commissions on product sales, and it is a decrease of 20.7 percent from the previous year's quarterly figure of $734.5 million.
Submitted by tom on
It is reported that asset manager BlackRock has created a target date fund offering with an annuity for defined contribution pension plans.
