March 2016
Intermediate to advanced
700 pages
144h 54m
English
Content preview from Principles of Risk Management and Insurance, 13th Edition
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Chapter 14 Annuities and Individual Retirement Accounts
“Buy an annuity cheap, and make your life interesting to yourself and everybody else that watches the speculation.”
Charles Dickens
Learning Objectives
After studying this chapter, you should be able to
Show how an annuity differs from life insurance.
Describe the basic characteristics of an immediate annuity and a deferred annuity.
Explain the major characteristics of a variable annuity.
Explain the major characteristics of an equity-indexed annuity.
Describe the basic characteristics of a traditional individual retirement account (IRA).
Explain the basic characteristics of a Roth IRA.
Explain the income-tax treatment of a traditional IRA and a Roth IRA.
Justin, age 26, recently accepted ...
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