Today's Annuity Products was written in an easy to understand style to educate the individual researching annuity products for use in their financial affairs. The book gives the reader all information necessary to understand annuity products and to prepare themselves to meet with a financial professional to investigate their purchase. The book takes the reader on a complete journey through the world of annuity products including:
Chapter 1 — What Are Annuities and How Do They Work?
What Are Annuities?
Brief History of Annuities
The Key Phases of An Annuity
Understanding the Basic Building Blocks
Overview of the Business of Annuities
How Annuity Companies Are Regulated
Chapter 2 — The Core Benefits of Annuities
Unlimited Contributions for Non-Qualified Annuities
Ability to Be Swapped Tax Free
Access to Cash When Needed
Offset to Longevity Risk
Guaranteed Protected Income
Nursing Home, Long-Term Care and Terminal Illness Benefits
Chapter 3 — Annuity Income Tax Benefits and Negatives
Congress and the Law
Taxation Basics for Annuity Products
Chapter 4 — Annuity Product Types
The Six Major Product Types
Buffered or Structured Annuities
Fixed Indexed Annuities
Immediate Income Annuities
Deferred Income Annuities and QLACs
Chapter 5 — Why Buy An Annuity?
The Key Risks Annuities Protect Against
Why Buy An Annuity?
Why An Annuity Might Not Be Right for You
Chapter 6 — The Major Positives and Negatives to Buying Annuities
The Positives and Negatives of Fixed Annuities
The Positives and Negatives of Variable Annuities
The Positives and Negatives of Buffered Annuities
The Positives and Negatives of Fixed Indexed Annuities
The Positives and Negatives of Immediate and Deferred Income Annuities
The Right Mix of Policies to Buy
Chapter 7 — How Much Income Should I Plan For?
America's Income Challenge
The Three-Legged Stool of Fulfilling-Stage Savings
The Income Replacement Ratio
Chapter 8 — Financial Strength Behind the Products
Life Insurer Financial Strength Ratings
Rating Agency Contact Information
State Government Guaranty Funds
Chapter 9 — Where to Buy and the Buying Process
The Cash Savings Needs Hierarchy
Paying for Your Annuity
The Places You'll Look — The Purchase Channels
Questions to Ask Before You Buy
The Five Steps to Purchasing An Annuity
How Much Do Annuity Salespeople Earn on My Purchase?
Chapter 10 — Your Next Steps
Performing an Income Check-Up
Making the Purchase
Keeping the Policy In-Force
Filing A Claim for Benefits
Chapter 11 — Final Thoughts / Should You Buy An Annuity?
The book also contains resource checklists that prepare the reader to perform a financial check-up in preparation for determining their annuity product needs and a list of the key annuity organizations they can turn to for information about the products.
Today's Annuity Products takes the over 20 years of the author's experience with these products and condenses into an understandable and useful resource for the potential annuity buyer.