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Episode 41: Introduction to Annuities (Part 1)

Oct 14, 2021

This is part 1 of an introduction to annuities and what you need to know about them.

Here are just a handful of the things that we'll discuss:

  • Annuities are long-term financial contracts between a policy/contract owner and an insurance company.
  • Annuities are insured by the claims paying ability of the insurance company.
  • Lifetime income could be a big positive for an annuity, but there are likely surrender charges and potential tax penalties for early withdrawal of the assets.

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