Provider Overview: Aviva Annuities

Provider Overview: Aviva Annuities

Aviva is the fifth largest insurance company in the world. It has $725 billion in assets underneath its management, and its annual premium and investment revenue is approximately $98 billion. In the US alone, the company has more than one million individual customers.

The company has a long history 313 years. It is the oldest insurance group that has been continuously operating in the world. The companys corporate heritage dates back to 1696, and as a business it has witnessed and participated in many historical events. For example, Aviva was the insurer of the Titantic. The insurer claims that they were more prepared for the economic go that hit in 2008, owing to of their history and extensive knowledge of the insurance market.

Today, Aviva uses all of the knowledge the company has gained through its extensive history to focus on creating bright futures for its customers. To achieve this, Aviva promises to meet the long - term savings, insurance, and retirement income needs of investors.

Aviva USA is based in Topeka, Kansas. In addition to annuities, the company offers long - term savings, insurance, and retirement income products. Avivas mission statement is You. They have selected this mission statement to test that the customer is critical to all of their actions. The company strives to catch on every customers unique needs and to deliver on them. Despite their long history, they purposely do not want to sound identical a typical life insurance company when they are dealing with their customers.

Aviva is also committed to parcel the overall community. In 1994, the company acknowledged The Aviva Altruistic Foundation to help achieve the the urge to the common people. The foundation makes grants to nonprofit organizations in the areas of education, arts and culture, public and commonality, and health and human services.
In terms of annuities, Lincoln offers seven annuities three discriminative annuities and four peculiar indexed annuities which have multiple options depending on which product is selected.
The individual annuity products are listed under:

Fixed Annuities:
MultiChoice Freedom 3, Freedom 5, Freedom 7
MultiChoice FreedomPlus
MultiChoice FreedXtra

Fixed Indexed Annuities:
MultiChoice IncomeFive, IncomeSeven, IncomeTen
MultiChoice IncomeElite
MultiChoice Income Plus
MultiChoice IncomeXtra

All of Avivas annuity produces are available with both natural and indexed crediting options, so that the purchaser can select what the best alternative is for them.

Avivas fees and charges vary for each of the annuity products. Charges can consist of an administration and maintenance price, a contingent deferred sales charge, a extermination and appraisal risk charge, a premium tax, a short - term trading fees, and an underlying retaliated lucre expenses charge. It is best to learn the entire cost and charge information before an annuity is purchased.

If an financier is considering purchasing an Aviva annuity, it is also important to dig the financial strength of the company. The top rating agencies have liable Aviva high marks. For example, Standard & Poors has rated the company AA -. This is the 4th highest category of 21. A. M. Best has rated Aviva as A which is the 3rd highest category of 16.