Annuities
What is an Annuity?
An annuity is a financial product issued by an insurance company. It allows
tax-deferred growth of assets. At retirement, an annuity can help to
provide a guaranteed income stream for one or more people, in specified amounts,
for a specified period or for life.
We are all interested in financial
security after retirement. Annuities are the only financial product that
guarantees your retirement money will be there as long as you live. An annuity
can guarantee stable payments to you for your entire life.
Annuities
provide you with a unique advantage- income for life. The amount of income you
receive will be based on the several factors including:
- The value of your annuity
- Your age
- The type of annuity option you choose
