Whole Life Annuity

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Dictionary Says

Definition of 'Whole Life Annuity'

A financial product sold by insurance companies that pays monthly, quarterly, semiannual or annual payments to a person for as long as he or she lives. Annuities are usually purchased by investors who want to secure some type of income stream during retirement. The accumulation period occurs as payments are being made by the buyer of the contract to the insurance company; the liquidation period occurs when the insurance company makes payments to the annuitant.

Also called life annuity.

Investopedia Says

Investopedia explains 'Whole Life Annuity'

Annuities can be structured to make payments for a fixed amount of time, commonly 20 years, or make payments for as long as the annuitant and his or her spouse is alive. Actuaries work with the insurance companies to apply mathematical and statistical models to assess risk when determining policies and rates.

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Search results for

'Whole Life Annuity'

  • Series 26 Study Guide - Variable Contracts - Variable Life ...

    http://www.investopedia.com/exam-guide/series-26/variable-contracts/variable-life-insurance.asp
    ... concerned with guarantees, a traditional whole life policy might ... The structure of
    a variable life insurance policy ... similar to the variable annuity contract in ...

  • Series 6 Study Guide - Variable Contracts - Variable Life ...

    http://www.investopedia.com/exam-guide/finra-series-6/variable-contracts/variable-life-insurance.asp
    ... concerned with guarantees, a traditional whole life policy might ... The structure of
    a variable life insurance policy ... similar to the variable annuity contract in ...

  • Getting the Whole Story on Variable Annuities

    http://www.investopedia.com/articles/04/111704.asp
    Getting the Whole Story on Variable Annuities. ... Bad Although the idea of income for
    life sounds great ... there is one huge pitfall that most annuity salesmen forget ...

  • Series 6 - Exam Prep | Investopedia

    http://www.investopedia.com/professionals/series6/default.asp
    ... Unit Investment Trust - UIT; Variable Annuity; Wash-Sale ... a policyholder of a variable
    life insurance policy ... policy for a traditional whole life policy without ...

  • A Look At Single-Premium Life Insurance

    http://www.investopedia.com/articles/pf/05/SinglePremLife.asp
    ... 1. Single-premium whole life pays a fixed interest rate based ... the Florida Licensing
    Education Section to instruct life, health and variable annuity courses ...

  • Top 10 Tips For A Financially Safe Retirement - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0910/Top-10-Tips-For-A-Financially-Safe-Retirement.aspx
    ... keep control of your money but you don't get the guarantee of an annuity. ... The safest
    policy for the job is one like whole life or universal life that builds ...

  • Intro To Insurance: Life Insurance Considerations | Investopedia

    http://www.investopedia.com/university/insurance/insurance9.asp
    ... Distributions from cash values of whole life policies (loans or withdrawals ... option,
    which is much like an annuity, also pays the life insurance proceeds ...

  • Retirement Planning: Building A Nest Egg | Investopedia

    http://www.investopedia.com/university/retirement/retirement4.asp
    ... There are many different annuity types and various options for ... Term life insurance
    is usually limited to income replacement, while whole life insurance also ...

  • How To Insure Your Most Important Asset - Yourself

    http://www.investopedia.com/articles/insurance/11/insure-your-greatest-asset.asp
    ... for term life insurance compared to whole life, which makes ... had the fortune of living
    a long life is actually ... known as a lifetime payout annuity can completely ...

  • The Best And Worst Investing Advice

    http://www.investopedia.com/articles/financial-theory/10/best-worst-investing-advice.asp
    ... While it is true that whole life policies pay low rates of interest, any ... None of
    those factors seemed to bother annuity investors who enjoy positive returns ...

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