What Is An Annuity?

Did you know that an annuity is a contract between you and an insurance company, under which you make a lump-sum payment or series of payments? In return, the insurer agrees to make periodic payments to you beginning immediately or at some future date. Annuities typically offer tax-deferred earning and may include a death benefit that will pay your beneficiary a guaranteed* minimum amount, such as your total purchase payments.

Unlike retirement plans, there is no limit to how much money you can put into an annuity! Also, some annuities have a floor off 0% so you won’t ever lose your money, unlike in retirement accounts.

The number of annuity products on the market today can make selecting the most suitable annuity a confusing process.

If you are considering purchasing an annuity call us to discuss the following:

* Annuity guarantees rely on the financial stability and claims-paying ability of the issuing insurance company

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