Annuities: The only savings tool that provides guaranteed income for life.
What is it?
- A contract between you and an insurance company that ensures you won’t outlive your savings.
What does the contract do?
- The company agrees to make a series of income payments to you in exchange for a premium (or premiums) that you pay.
What does this mean for you?
- It allows you to accumulate funds on a tax-deferred basis for later payout in the form of a guaranteed income that you cannot outlive.
Why are annuities important?
- Because annuities are the only product in the private marketplace that can provide payments guaranteed for the rest of the consumer’s life.
There are tools you can use if you think annuities make sense for you or think about how annuities make sense for you and your family. Learn more.
Have you, or do you know someone who has benefitted from the financial protection that annuities offer? Share your story with us.
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