The New York State Department of Financial Services maintains an online Life Insurance Resource Center describing the various annuity products sold in New York State including annuities such as straight life annuities, life contingent with period certain annuities, life contingent with refund feature annuities, joint & survivor annuities and period certain annuities.
Deferred annuity contracts include the accumulation annuity, the account value annuity,and the cash surrender benefit annuity.
Types of accumulation annuities include excess interest annuities, Modified Guaranteed Annuities (MGA), equity indexed annuities (EIA), and variable annuities.
Other annuity features to consider when purchasing an annuity include bonus annuities, replacement annuities.
We offer a free initial consultation to annuity product purchasers who feel they may have been victimized. For an appointment contact The Law Offices of Timothy J. O’Connor at (518) 426-7700.