The phrase "annuity coverage" is correct and usable in written English.
It can be used in contexts related to financial services, insurance, or retirement planning, referring to the protection or benefits provided by an annuity.
Example: "Before making a decision, it's important to understand the details of your annuity coverage and how it fits into your overall financial plan."
Alternatives: "annuity protection" or "annuity benefits".
Sandy Harris is the President of The Harris Group, a multi-state insurance service organization specializing in Asset Preservation and Protection through the use of insurance products like Long Term Care, Annuities and Disability coverage.
Conseco sells traditional life insurance, supplemental health coverage and annuities, investments designed to provide a stream of payments through retirement.
The actual coverage provided for annuity contracts varies from state to state, but cash values and annuity benefits are generally protected for $100,000 to $500,000, according to NAVA, the annuity industry's trade organization.
In its coverage of variable annuities on its website, the SEC chimes in, cautioning investors: "In addition, if you are investing in a variable annuity through a tax-advantaged retirement plan (such as a 401(k) plan or IRA), you will get no additional tax advantage from the variable annuity".
QuickQuote offers more than 1,500 term life insurance and annuity plans and most recently added international health coverage for travelers.
They often package LTC coverage with Life Insurance or sometimes even annuities.
The stiff cost of an annuity's insurance wrapper is ostensibly justified by the coverage.
A few are like the deferred annuities sold outside retirement plans that combine some life insurance coverage with savings features.
But coverage does not extend to instruments like unregistered investment contracts, unregistered limited partnerships, fixed annuity contracts, currency, and interests in gold, silver or other commodity futures contracts or commodity options.
That's because guaranteed public and private annuities, mainly Social Security and corporate pensions, are sure to decline over time, as is Medicare coverage.
