Differbetween
Annuity
Difference between Annuity and Life Insurance
Life insurance pays an individual's loved ones after they die. Annuities take payments upfront then dole out a lifelong income stream to policyholders...
Difference Between Qualified and Non-Qualified Annuity
A qualified annuity is purchased with pre-tax dollars, such as funds from an IRA or a 401(k). ... A non-qualified annuity is purchased with after-tax ...
Difference Between Annuity and Perpetuity
An annuity is a set payment received for a set period of time. Perpetuities are set payments received forever—or into perpetuity. Valuing an annuity r...
Difference Between Annuity and IRA
Both IRAs and annuities offer a tax-advantaged way to save for retirement. An IRA is an account that holds retirement investments, while an annuity is...
Difference Between Annuitant and Beneficiary
The annuitant is the person on whose life expectancy the contract is based. ... A beneficiary is the person who receives the death benefits, usually t...
Difference Between Ordinary Annuity and Annuity Due
An annuity is a series of payments at a regular interval, such as weekly, monthly or yearly. ... The payments in an ordinary annuity occur at the end ...
Difference Between Annuity and Pension
In broad terms, the main difference between an annuity and a pension is that you buy an annuity after retirement to provide you with a guaranteed regu...
Difference Between Annuity and Mutual Fund
Annuities tend to have much higher expenses than mutual funds. ... Returns: Due to lower relative expenses, Mutual funds can earn higher returns than ...
Difference Between 401K and Annuity
A 401(k) is a tax-deferred retirement account you can often get through your employer. ... The funds in a Roth 401(k) are, again, exempt, as you've al...