Purchasing An Annuity

You pay a lump sum amount to the insurance company and the insurance company pays you monthly quarterly or annual income for life.

Purchasing an annuity. Buying an annuity involves selecting a trustworthy insurance company completing a step-by-step process and signing a contract. Those income payments can go on for the rest of your life which means you will never run out of money. First and foremost an annuity is a product which you purchase from either a super fund or life insurance company with a lump sum using either money from your superannuation or regular old savings.

The minimum amount with which to purchase an annuity is 3500. When you purchase an annuity you are exchanging a lump sum of money for a monthly paycheck. Annuities come in three main varietiesfixed variable and indexedeach with its own level of risk and payout potential.

You pay for the annuity through a lump sum or multiple payments and the company uses a strategy to grow your assets. If you are a current customer you can continue to find account information by logging into the secured website or by calling Customer Service at 800-854. Great Americans Annuity businesses have been sold to MassMutual effective May 28 2021.

An annuity is a contract between you and an insurance company to cover specific goals such as principal protection lifetime income legacy planning or. Annuities are distributed by Blueprint Income Inc. Buying an annuity is a way to turn some or all of your pension pot into a guaranteed income for life.

Get Help Buying an Annuity. In short the best time to buy an annuity is when it meets your needs. The monthly payments you receive are based on the dollar amount you choose to purchase.

If you are in a saving-money stage of life a deferred annuity can. When you contact us you can rest assured youll be. Purchasing an Annuity from Our Trusted Partner.