In this video I give a broad overview of the structure of an annuity as it pertains to passing you life insurance licensing exam. Subscribe to my channel and check out the other videos I have!
Learn about the types of life insurance policies: https://www.youtube.com/watch?v=zcCOK4ztwec
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-CHAPTERS-
0:00 – Intro
1:30 – Who Can Sell Annuities?
2:05 – 3 Parties In An Annuity
3:08 – Illustration Of an Annuity
3:30 – Accumulation + Annuitization Period
4:22 – 4 Factors Effecting Annuity Payment Amounts
5:51 – 401(k) Example Of Retirement Annuity
7:38 – Annuity Classifications (Premium, Payment, Investment, etc)