• Hello Friend, I'd like to tell you about...
  
  Compound Interest, Vested Gains and Annual Reset...
  
  Compound Interest
  
  Some annuities pay simple interest during an
  index term.
  That means index-linked interest
  is added to your original premium amount but
  does not compound during the term.
  Others pay compound interest during a term,
  which means that index-linked interest that has
  already been credited also earns interest in the
  future.
  In either case, however, the interest earned in
  one term is usually compounded in the next.
  
  Vesting
  
  Some annuities credit none of the index-linked
  interest or only part of it, if you take out all your
  money before the end of the term. The percentage
  that is vested, or credited, generally increases as
  the term comes closer to its end and is always 100%
  at the end of the term.
  
  Annual Reset
  
  Index-linked interest, if any, is determined each year
  by comparing the index value at the end of the
  contract year with the index value at the start of
  the contract year. Interest is added to your annuity
  each year during the term.
  
  Advantage Compendium - 2004 index gains/losses
  
  Best regards,
  
  Jeff McLeod
  800-286-1812
  McLeod Agency Inc, dba:, HappyRetiree.com, AnnuityBuyersGuide.com
  Your Login Password: seminar
  
  
  
  

  June 27th, 2005 at 12:29 pm

Powered By GetResponse Email Marketing