Where is the money held when I purchase an annuity from AllAboutAnnuities.com?
All the money is held at the insurance company you choose. For example, if you choose an annuity with New York Life your money is held with New York Life
How does allaboutannuities.com get paid?
We make commissions from the issuing insurance company. It does not matter which company you pick, you pay no commissions or fees to us.
If you die does the insurance company keep the money?
No. We structure most all annuities so that the beneficiaries receive all the remaining money in your policy.
Who will I be working with?
You will be working with a licensed and insured agent at allaboutannuities.com. We will be here to help you with any questions you have regarding your annuity. You also always have access to call the annuity company directly.
Where is the main office located?
We are located in Lynnwood, Washington. Though we work with clients all over the nation. Nowadays, everything can be done over the internet or by mail. If it’s important to you to meet us face to face we will come see you.
What is the free look period for an annuity?
All annuity products have a period of time that you can review your policy after it has been delivered and receive a full refund if you decide not to keep the contract. Each state has specific laws concerning the free look period but it normally ranges from 10 to 30 days.
What is the next step if you want to purchase one of the annuities?
We will work with you one on one to fill out the needed paperwork and we will submit it to the insurance company. After the annuity is issued we will review the contract to make sure it is correct and then mail it to you via priority mail. We will then also go over it with you to make sure that it meets all your expectations.
Can you evaluate my current annuity?
Yes if you have owned your annuity for a number of years and don’t know if it’s a good one or can’t remember how it works, we can help you. We will review it with you and help you understand what you own and explain how it works. Many of the older annuities can be complicated. If it is a good one for you, you will have peace of mind. If it is outdated and not the best fit for you we can also advice alternatives and other options. Either way you will gain more clarity and understanding.
Can I buy an income annuity for just a set number of years?
Yes you can. We talk a lot about income for life but they can also be purchased for a set number of years.
What are qualified and non qualified annuities?
Qualified annuities are annuities that are part of a tax qualified plan such as an IRA, IRA rollover, Roth or SEP. Non qualified annuities are all other annuities not in a tax qualified plan.
Can you get cost of living ( COLA) adjustments on your annuities?
Yes, annual cost of living adjustments can be added to your annuities though it may reduce the income during the beginning years.