Radio Transcript, 60 seconds, for use during week
of Nov. 5.
This is an Invest Wisely minute brought to you by Iowa State
One investment option is an annuity. This is a contract
between you and an insurance company. In exchange for a
lump sum or series of payments, the insurance company agrees
to make regular payments back to you for a fixed period of time
or for the life of you or you and your beneficiary.
Payments can begin immediately or at a specified future date.
There are three types of annuities – fixed, variable, and
equity-indexed. Always ask your insurance agent to explain
your options in detail. Review possible contracts and compare
information for similar contracts.
Invest Wisely comes from Iowa State University Extension through
a grant from the Investor Protection Trust providing investor
education on the web at investorprotection.org.