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annuities and pensions

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Posted: Mon Jun 29, 2009 12:32 am Post subject: annuities and pensions

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

darnardo1

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darnardo1

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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.

InsuranceExpert

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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.

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Thanks Insurance Expert

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