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Insurance - Financial Basics

State Regulators Scruitinize Annuity Scams!

Stranger Originated/Owned Annuities Subject of Public Hearing

Submitted by Jayven M. Rappa on Mon, 05/24/2010 - 12:57pm

What fees are associated with Variable Annuities in my 401(k) plan?

Insurance companies offer a range of investment alternatives for 401(k) plans through a group variable annuity contract between an insurance company and an employer on behalf of a plan.  The

New Survey Reveals Americans Lack Confidence, Knowledge of Insurance Choices!

KANSAS CITY, Mo.

Submitted by Jayven M. Rappa on Wed, 04/14/2010 - 10:50am

Seeking Solid Financial Footing for the Next Decade: 10 Tips for 2010!

Over the last several decades—even before Americans first felt the brunt of the recent economic crisis—the financial landscape in the United States has been changing dramatically.

Submitted by Jayven M. Rappa on Tue, 04/13/2010 - 9:19am

I can choose a single life annuity for my pension or a joint and survivor annuity. Which is better?

It depends on your circumstances.

I bought an annuity a few years ago, but I don't want it anymore. Is there a way to get rid of it?

You can cancel your annuity at any time. However, you may have to pay an early cancellation fee known as a surrender charge.

Can I change my annuity for one with a better interest rate?

Yes. However, to receive favorable tax treatment, the exchange must satisfy the requirements of a Section 1035 exchange.

Can I use life insurance to help me save for retirement?

If you're close to retirement and already have a life insurance policy with sufficient cash value, you can use that cash to help finance your retirement.