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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 Member Joined: 11 May 2009 Posts: 72 31.66 Dollars($)
Posted: Mon Jun 29, 2009 12:13 pm   Post subject:    A pension is not just an annuity. A pension can be funded with an annuity. A pension doesn't have to be funded with an annuity and sometimes a pension isn't funded at all or is underfunded. A pension is a promise to pay a sum of dollars at some future point. An annuity is simply one way to keep this promise.	InsuranceExpert Senior member Joined: 05 Apr 2009 Posts: 662 142.69 Dollars($)
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. Quote: Thanks Insurance Expert _________________ Register Now to have your Insurance queries solved.	Guest

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