ANNUITIES

Annuities are investments issued by insurance companies that can be used to help build a guaranteed income stream or retirement nest egg.  It’s like being able to create your own pension fund or IRA.  Annuities come in many varieties, helping investors reach diverse retirement goals.  Annuity contributions can interest that can grow tax-deferred in the accumulation phase and can provide income for life in the income payout phase.

​

Generally used for retirement planning, annuities assist people in reducing the danger of outliving their assets. Annuities provide a guaranteed income stream, typically to retirees.

​

An annuity is an insurance contract that pays out invested money as a fixed income stream in the future. Investors use lump-sum payments or monthly premiums to buy or invest in annuities. The insurance company then issues a stream of payments for a predetermined time or for the duration of the annuitant's life.

​

The first stage is the annuity's accumulation phase. During which, investors fund the product with either a lump sum payment or recurring payments.

​

After the agreed-upon period, the annuitant starts receiving payments for a predetermined amount of time or the remainder of their life.