What is an Annuity?An annuity is a type of policy issued by an insurance company designed to accept and grow funds, and upon annuitization, create a stream of income or payments. Some plans are designed to provide you with a “guaranteed” lifetime income. The money you pay in can be either a lump sum or a number of payments. These contributions generally earn a rate of return and are generally tax-deferred.
Types of AnnuitiesImmediate Annuity
Deferred Annuity
Contact us to learn more about the right annuity for you. |
|