What are Annuities?
Annuities are a type of financial product that can help you save for retirement and provide you with a steady stream of guaranteed income payments. Payments can be set up to last for a specific number of years or the rest of your life. Payments can also start immediately or at a future date. An annuity is a contract with an Insurance Company and can only be purchased through a licensed Insurance professional.
Annuities address 2 of the biggest concerns retirees have:
Problem: How can I make sure I don’t run out of money during retirement?
Solution: Annuities allow you to receive a Monthly Lifetime Check for you and your spouse if married under the spousal continuation program.
Problem: Stock market downturns can be financially devastating.
Solution: Annuities are NEVER invested in the stock market and your funds are always *protected against loss.
*Annuities are protected against loss by the claims paying ability of the Insurance Company are not FDIC insured. Stocks, bonds, mutual funds, and variable accounts are also not FDIC insured.