Annuities 101

The word annuity is derived from the Latin annus or year and the Latin annuitus.

Annuities 101. The investor makes an investment upfront and in exchange receives a regular source of income for a specified period of time. Annuities are contracts that a financial institution primarily insurance companies issues to the individual or group. What is an annuity.

Fill out the connection form. Annuities as previously stated equip you with recurring income throughout retirement. Enjoy a retirement complete with guaranteed lifetime income market downside protection and minimal risk.

Pays out start when you leave the workforce typically at age 65. An annuity is a lifetime income guarantee that you purchase from an insurance company as a way to reduce the risk that you run out of money in retirement. An annuity is a financial product sold usually by insurance companies to people who wish to make sure that they are going to have enough money to last them for the rest of their lives.

Youll then receive monthly payments for the remainder of your life. What is a fixed indexed annuity. What is an annuity.

The reason for this is because annuities are investments that entitles the holder to equal annual payments. For more information about annuities visit wwwips. The main purpose is to guarantee a financial cushion just in case you exceed your expected lifespan.

0 Comments Leave a Reply. For many individuals this may mean a pension-type annuity called an immediate lifetime annuity. Annuities are a type of insurance product that you pay into now for the purpose of receiving a payment or series of payments at a later date.