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...lift can drop materials and break windows. In addition, poor maintenance can l... loss tied to the contractor’s work. General liability policies often exclude damage ti...

... a feel for whether or not they're in the annuity business to stay by how comprehensive their pocket guides are. Do they explain products so that you can understand them? Do they have examples? This may sound trivial, but a pocket guide can sometimes be the window to other important elements of the annuity operation. PROSPECTS You may find that your prospect base for annuities is slightly more limited than your base for various forms of Life insurance policies, because annuities generally have a much narrower purpose: planning for retirement. But there ... insurance is designed to pay once the purchaser has died. An annuity is the systematic liquidation of an estate; Life insurance creates an estate. The basic principle behind annuities is simple: The purchaser pays the insurance company a premium, either all at once or in installments, and in return for that premium expects the insurer to pay him or her a periodic income for Life, beginning at a specified period of time. The amount of the income received is determined by a number of factors, including total premiums paid, age ... benefits begin, type of contract purchased, and sometimes health or sex. Annuities are most commonly used for retirement purposes-to provide a tax-deferred buildup of assets that will result in a steady income to the annuitant. Annuities are generally not sold for short-term purposes. They are often involved in corporate pension and profit-sharing plans; these are group annuities. For the sake of clarity, this sales campaign will deal with the sale of annuities to individuals. As with other forms of Life insurance and financial services, the annuity principle has been expanded ...