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Originally Posted by Gigi3000
I keep running into road blocks with getting annunity information directly from the insurance company. They keep referring me to an agent but I all ready have a CFP. I'm checking into a Single Premium Immediate Annunity and a MYGA. Has anyone found an insurance company you can buy these from directly?
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I retired after 20 years training and teaching insurance products. An annuity can ONLY be purchased from an insurance company, Yes, mutual fund companies sell annuities but it is through their insurance division.
An immediate annuity usually makes sense for someone with a longer life expectancy. However, the annuity may not die when you do. There are many options for receiving your distribution - your whole life, for a period certain - 10, 20, years etc., for your life and the life of beneficiary and many other options. Each option affects the amount of the monthly distribution. A life insurance agent can give you the amount of distribution for each option.
I would suggest that you deal with a major insurance company - Met Life, Prudential, AXA (formerly Equitable), etc.