by darnardo1 » Mon Jun 29, 2009 12:32 am
pensions are just annuities that are partially funded by an employer correct?
Are pensions and annuities grouped together? Are they listed as life insurance?
I notice that some research lists annuities as life insurance and others list them seperately.
I read on one article "pension annuities" so...that's just a "pension" correct?
Damn this terminoligy is killing me
Are pensions and annuities grouped together? Are they listed as life insurance?
I notice that some research lists annuities as life insurance and others list them seperately.
I read on one article "pension annuities" so...that's just a "pension" correct?
Damn this terminoligy is killing me
Posted: Mon Jun 29, 2009 12:13 pm Post Subject:
A pension is not just an annuity.
A pension can be funded with an annuity. A pension doesn't have to be funded with an annuity and sometimes a pension isn't funded at all or is underfunded.
A pension is a promise to pay a sum of dollars at some future point. An annuity is simply one way to keep this promise.
Posted: Fri Jul 03, 2009 12:35 am Post Subject:
A pension is a promise to pay a sum of dollars at some future point. An annuity is simply one way to keep this promise.
Thanks Insurance Expert
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