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!
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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)