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annuity 101
Annuity 101
Applied Knowledge is Power...
An Annuity is a financial product sold by an Insurance Company or Financial Institution. A payment is made from the individual to the Insurance Company in a lump sum or consecutive payments. The Insurance Company is then contractually obligated to pay out a stream of payments to the individual at a deferred time or immediately for a specific amount of years. Annuities are primarily used as a means of safety, security and as steady income for an individual during their retirement years. There are several types of annuities and each has its benefits.
Whether you are looking for Safety, Growth, Protection against market loss, Fixed interest rate or Income for life. There is an Annuity that can match your specific need.
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