Fixed Annuity Interim Interest Payment Calculation
Question: What is the calculation for monthly payment amounts on fixed interest rate annuities where the interest rate is an effective annual interest rate?
Because you lose the effect of annual compounding, the formula is a little more complicated when calculating the amount of interest actually being paid out.
The interest calculation is *:
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Income Annuities: Single-premium income annuity with a commencement date greater than 12 months
In the past, people received guaranteed lifetime income from a pension plan and Social Security to supplement their own personal retirement savings. However, the environment that retirees now face is quite different.
New Success Weekly Video: Provide Your Clients with a 7.2% Guaranteed Rate
We've just posted a new Success Weekly Video at http://www.provada.com/success-weekly/index-annuity-income-rider.
Provada Launches Weekly Video Series - First Up Annuity Care
Thursdays Webinar: A Closer Look at Allianz's Best Selling Index Annuity
Join Provada & Allianz, March 31 at 10:30am discuss Allianz's two BEST SELLING Index annuity products.
This week's webinar will cover the ins and outs of Allianz’s two BEST SELING Index Annuity Products, and how they can benefit your clients on their path to retirement.
Want to sell Annuities in California? There are a few things you need to know.
Prior to selling annuities in California, producers must complete 8 hours of annuity training. Going forward, producers must complete an additional 4 hours of approved training every 2 years in order to renew their license.
Are you clients making 4% on their CD's... Would they like to?
Genworth’s Rate Saver 5 & 7 year Annuity offers the best % in the industry....
Rates are Decreasing 6/01 so take advangate of these rates today!!!
Rate Saver 5 Year Annuity, 5 yr. surrender: 3.3% for amounts $25K -99K; 3.45% for amounts $100K-249K; 3.55% for amounts $250K+
Rate Saver 7 Year Annuity, 7 yr. surrender: 3.75% for amounts $25K -99K; 3.90% for amounts $100K-249K; 4.00% for amounts $250K+