Tuesday, November 06, 2007

 

Annuities Not For All

The state Department of Insurance offers these tips when buying an annuity:

--Never sign anything you do not fully understand.

--Be sure you completely understand all the limitations: How long before you can begin receiving payments? What are the penalties for taking money out early? What are all the additional fees and charges? What are tax implications for you and your heirs?

Annuities Not For All
Source: Insurance News Net

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