What Retiring Planning Needs Are Met With An Annuity? hat provides payments to the contract holder at specified intervals by an insurance company. It can be used to accumulate assets on a tax-deferred basis for retirement and/or to convert retirement assets into a stream of income. Annuities may be single premium meaning you give the insurance carrier one lump sum, modified single premium meaning you can make premium payments during the first contract year, or they may be flexible premium which means you can make multiple premium payments.
What Retiring Planning Needs Are Met With An Annuity?
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