Annuities

Learn about annuities: defining features, payout options, annuity types, and the different periods associated with a contract.

Includes: Certificate of Completion

Approval: #109208

Credit Type: Life and Health

Credit: 1 Hour(s) | Language: English

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About this Course

This course introduces the topic of annuities. Annuities are insurance products that rely on mortality and investment experience to protect against the loss of income. They differ from life insurance because life insurance is designed for the protection of an individual's family or estate after their death, whereas annuities are designed to protect investors against outliving their income and superannuation. Annuities have the basic function of systematically liquidating specific sums of money over a specified period of time. In this course we will learn about different types of annuities, the benefits of each kind, and the many rules associated with their liquidation.

Regulatory Information

Name:	Maryland Insurance Administration
Phone:	410-468-2000
Fax:	410-468-2020
Website URL:	https://www.mdinsurance.state.md.us/sa/jsp/Mia.jsp
Email Address:	insurance@mdinsurance.state.md.us
Address:	200 St.Paul Place, Suite 2700
City:	Baltimore
State:	MD
Zip:	21202-2272