Annuities helps generate regular income payments in retirement.
Annuities are a type of investment account typically used for retirement savings or to generate regular income payments in retirement. Annuities are insurance contracts, and the issuing insurance company provides some type of guarantee on your investment.
- A flexible-premium deferred annuity offers guaranteed retirement income with the flexibility to make contributions as frequently or infrequently as you wish, within certain limits.
- Lifetime Income Stream: If you choose to receive annuity payments with a lifetime contingency (10 years plus life, for example), an annuity can provide an income stream for the duration of your retirement
- Death Benefit: Should you pass away before you begin receiving payments, the person you name as a beneficiary will receive a specified payment,
- Long-term, guaranteed income
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