This is the company that issues the annuity. The insurance company is responsible for Insurance company backing the annuity's guarantees.
These usually are the same person, but they can be different. The owner makes decisions about the annuity, such as who the beneficiaries are. The annuitant is the person whose life expectancy is used to calculate annuity payments.
The beneficiary is the person who receives the annuity's death benefit. Naming one or more beneficiaries is important, because without a Owner Annuitant beneficiary, the money in your annuity could be subject to probate.
For More Information or to Request a Complimentary Consultation Call (865) 310-5715
Long Tom Home Care Insurance was created on the principles of helping people like you receive advice you can trust and products that lead you to your financial goals.
At Long Tom Home Care Insurance we believe that relationships can only thrive when values match. Sometimes financial strategies that you've used in the past may not be the best strategies going forward.
At Long Tom Home Care Insurance we do what's right, not what's popular.