Annuities have a number of unique features that can make them an attractive investment option for many individuals. In the Essentials of Annuities course, we cover the various types of annuities and their characteristics, as well as the financial circumstances under which they make sense. The course also addresses a number of problems with annuities, and covers several best practices that can be applied to enhance your returns from them. The course also covers several related topics, including the tax impact of annuities, insurance company ratings, and the risks covered by annuities. The intent of the course is to give you a solid grounding in the fundamentals of annuities.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Recognize the risks that can be mitigated with an annuity contract.
Recall the benefits of purchasing the different types of annuity contracts.
Recognize the characteristics of the various types of annuity contracts.
Specify the parties to an annuity contract.
Recall the applicable tax rules for the different types of annuity contracts.
Major Topics
Risks Covered by Annuities
The Main Annuity Products
Annuities Involving Lifetime Income
Annuity Fees
The Money's Worth Ratio
