Annuities
Best Planners Inc. offers you great Annuities, meant to ensure a great return to guarantee your financial future. Annuities are financial products offered that consist of a sequence of payments made at equal intervals, used primarily as a stream of income for individuals who are retired.Annuities can be classified into two categories based on time:
- Annuity-Immediate:Payments made at the end of payment periods, and as a result, interest increases over time between the time of the annuity and the first payment.
- Annuity-Due: Payments made at the beginning of payment periods.
Furthermore, Annuities can be categorized into either fixed or variable:
- Fixed Annuities: Annuities that offer an increase in capital on a tax-deferred basis. Guaranteed fixed rates are given to these accounts, with a guaranteed income payout.
- Variable Annuities: Annuities that allow for the increase in capital on a tax-deferred basis, similar to fixed annuities. Variable annuities instead offer investors the chance to obtain higher rates of returns through equity investments.
