Income Annuities

It is a portfolio of income annuities purchased on subscription over time.

Income annuities. This annuity income option can help to alleviate the concern about running out of income in retirement. An income annuity can provide retirees with the freedom to spend the income generated without worry. An income annuity is an annuity contract that converts all or part of a consumers savings into a guaranteed stream of income either for the consumers lifetime or for a specified number of years.

Just like you insure your home you can insure your longevity by passing on the risk that you outlive your savings to an insurance company. An income annuity provides a guaranteed lifetime income stream that you purchase from an insurance company to help ensure you dont outlive your income. Purchasing an income annuity is not the same as purchasing other investments.

Rather it is insurance you purchase to mitigate longevity risk. With income annuities you make a lump sum premium payment to an insurance company. An annuity is a financial product that provides you with a guaranteed regular income.

The Personal Pension is Blueprint Incomes flagship product. What Is an Income Annuity. An income annuity is a simple way to turn a portion of your savings into regular income for a fixed period or the rest of your life.

New York Life Insurance Company 51 Madison Avenue New York NY 10010. 3 Though deferred income annuities share similarities to single premium immediate annuities there are. In fact millions of Americans currently use annuities to help their retirement savings grow and to create protected income that can help cover essential expenses and contribute to a more enjoyable retirement.

Immediate fixed income annuities Available through The Fidelity Insurance Network immediate fixed income annuities provide 1 a guaranteed stream of income for the rest of your life or a set period of time. Immediate income annuities guarantee income that begins within 13 months of contract issue in exchange for a single purchase payment. In addition it can also reduce or even eliminate the need to reinvest or reallocate funds in the future as you would have to do with bonds CDs or other income-producing vehicles.