2. IXRAYANNUITIES
As a tool for investment and financial security, the life insurance annuity has been around for quite
a long time. Annuities first started the ancient Roman Empire. They were a way for Roman citizens
to receive a yearly payment for their lifetimes or for several years in exchange for a large
upfront payment. Early roman annuities were often given to Roman legionnaires as payment
for years of faithful military service. (1) As time passed, the modern life insurance annuity began
to take shape.
In medieval times, lifetime annuities bought with a single initial premium became popular among
nobles for funding the constant warfare that was a fact of life then. , records show that one of
the most popular annuities of the medieval era was called the tontine. (2) In this annuity the
participants purchased a share in an annuity pool, and then, in turn, received a lifetime annuity.
The payments were divided among surviving participants of the initial annuity pool. Thus, as time
passed, each participant would receive a larger payment. As the participants died off, ever
increasing payments would be made to them.
3. The payments were divided among surviving participants of the initial annuity pool. Thus, as time
passed, each participant would receive a larger payment. As the participants died off,
ever increasing payments would be made to them. The sole remaining survivor would reap the
benefits of the remaining annuity principal. One of the oldest and longest lasting tontines was
the annuity called the State Tontine of 1693. It was started in the United Kingdom as a way to pay
for its many wars with France.
The modern financial system started to develop. Dr. James Dodson of England formed the Equitable
Life Assurance Society of London in 1756. This was one of the first companies formed to offer a
modern form of life insurance annuity. (3) Dodson founded this company and the annuity that it
offered to provide a form of insurance to persons of all ages.
The Equitable Life Assurance Society issued policies based on the assurance of fixed sums on the
surviving policyholder’s beneficiaries lives. The company issued policies for any term for which the
policyholders wanted to purchase the life insurance annuity. Premiums of thisannuity were governed
by the age, lifestyle, and health of the policyholders seeking to enter into the annuity. These basic
rules laid down the foundation of a distinguished modern life insurance annuity company that still
exists today.
4. (1) Annuity.com
(2) The Annuity Museum
(3) The Early History of the Annuity by Edwin
W. Kopf
Calrima Financial & Insurance Agency
Request a quote
IRA research – http://www.irajedi.com
Edwin W. Kopf, “The Early History of the Annuity,” Casualty Actuarial
Society
http://www.casact.org/pubs/proceed/proceed26/26225.pdf
“The Glorious History of Annuities,” Annuity.com
http://www.annuity.com/annuities/glorious-history-annuities
“History of Annuities,” Annuity Museum
http://www.immediateannuities.com/annuitymuseum/historyofannuities/
“History of Annuities,” Save Wealth Financial
http://www.savewealth.com/retirement/annuities/history/
Sources:
6. Would you like an annuity that tracks the performance of the stock market? Would
you like an annuity that also helps to protect your principal when the market
declines? The fixed index or hybrid annuity could help you to cover both of these
objectives. This annuity has been called an equity indexed annuity, fixed
index annuity, and a hybrid annuity.
The hybrid annuity can offer:
* Some market risk protection
* Tax deferral
* A minimum interest rate guarantee
* Probate avoidance
* And guaranteed minimum income
payments for life.
8. Annuities – how can one
increase the output?
How would you like to maximize annuity income? The goal
here is to help: Maximize Annuity Income
Already have an annuity?
If you already have
an annuity we can help you
understand what you
have. What are the features?
How would the features benefit
you?
9. ANNUITY BASICS educates you so you can make informed
decisionx. Generally, an annuity is tax deferred. The money in an annuity
grows tax deferred like a retirement account. As with an IRA, (Individual
Retirement Arrangement – as named per IRS
document 590) the money in an annuity is ear-marked for use
after age 59 ½.
As such, annuities are not to be used without careful
consideration. Points to consider are:
* What are the surrender charges?
* How long you must I hold the annuity to get full value or
principal back?
* How will my annuity earn credits or interest?
All of these points are covered on this web site.
11. Contact us :
Our primary office is located
in the Prune yard
Towers:
1999 S. Bascom Ave, #700
Campbell, CA 95008
Our mailing address is located in Downtown San
Jose:
123 E. San Carlos Street, #221
San Jose, CA 95112
You can reach us toll-free at 866-
589-9366
