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From the category archives:
Anyone reading about insurance can be forgiven for thinking that the terms ‘life insurance’ and ‘life assurance’ are interchangeable, but are there any differences between the two terms and if not, why are there two different words for the same thing? Put simply “insurance” is provided against an event that might happen whereas “assurance” applies [...]
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As you approach your golden years, you may be wondering about the various pros and cons of tax deferred savings plans. While the idea of not paying taxes on your savings may seem alluring, there are also fees to consider. Another complication is determining which tax deferred savings plans your family is eligible for. Before [...]
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mathematics of finance, annuity immediate? the Browns wish to accumulate at least $150000 at the time of their last deposit in a college fund for their daughter by contributing an amount “A” into the account at the end of each year for eighteen years. what is the smallest annual payment “A” will suffice if the [...]
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When buying annuities, do different places pay different interest? If so, who pays the highest? Does that make a difference in how often it pays out? There are a type of annuities that pay interest that are called fixed annuities – and that interest rate varies as to the benefits and features of the product, [...]
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QUESTION ABOUT ANNUITY? MY WIFE,66YRS. OLD,PURCHASED AN ANNUITY FROM MODERN WOODMAN IN 1991 FOR $50,000.IT IS A DEFERRED ANNUITY.THIS PAST YEAR,2008,SHE REMOVED A SUM OF MONEY THAT OVER THE COURSE OF THE YEARS NOW TOTALS $56,000.I KNOW I OWE TAXES ON THE SUM THAT IS OVER THE INITIAL $50,000 INVESTMENT.DO I ADD THAT ON TO [...]
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