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What are the different types of gift annuities that are available?

April 26, 2017annuities different gift types

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What are the different types of gift annuities that are available?

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Single Life Annuity: A Single Life Annuity is for one individual. The rate of return is determined by the age of the individual named in the contract, and is paid to this individual for life. Joint Annuity (Two-Life): A two-life annuity is jointly owned by two people. It provides payments to these two individuals for as long as either of them lives. Deferred Annuity: A deferred annuity begins payments at a later date, to be determined by the donor. The interest is compounded accordingly.