Covers how annuities and pensions work, their differences, and how interest rates affect them.

How Long Does A Pension Last

How long a pension lasts depends on the payout option and plan rules, as it can last for life, for a fixed period, or until the account balance runs out....

How Long To Keep Old Insurance Policies

For most personal and business policies, the practical answer to how long to keep old insurance policies is to retain them for the policy term plus three years, though you...

What Is SILAC Insurance

SILAC Insurance is the legal name of SILAC Insurance Company, a U.S. life and annuity insurer that has been serving savings and retirement needs since 1935. It is not a...

Who Owns Silac Insurance?

SILAC Insurance is owned through SILAC, Inc., its parent company, with a pending acquisition by Hildene Capital Management. This makes "who owns silac insurance" a question with a current answer...

How Do Interest Rates Affect Annuities?

Higher interest rates allow insurers to offer higher crediting rates and payouts on new fixed and fixed-indexed annuities, while lower rates reduce them. This direct link between the rate environment...