Understanding Annuities

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? 

  • Build your retirement nest egg
  • Diversify your retirement assets
  • Increase safe, predictable earnings on savings
  • Guarantee a lifetime income stream
  • Gain flexibility to fund unexpected events, like critical illness or nursing home care
  • Transfer assets to your heirs