Did you know...
An annuity can provide you with guaranteed lifetime income?
What is this “annuity” we speak of? To explain, first think of a life insurance policy. You pay a relatively small amount of money (the premium) to an insurance company. When you die, they pay your beneficiary the full amount of insurance you purchased. Simple, right?
An annuity is the complete opposite. With an annuity, you pay a relatively large amount of money to an insurance company which then pays you a smaller monthly amount for as long as you live. Think of an annuity as something that keeps on paying and doesn’t stop until you die. Pretty nifty.
This type is called an Immediate Annuity. There are different types to meet the needs of everyone. Contact one of our knowledgeable advisors to find out which annuity is best for you!