Annuities
Annuities are powerful financial instruments designed to provide guaranteed income for life. Planning for retirement, seeking long-term financial security or aiming to diversify your investment portfolio, annuities can offer a customizable solution tailored to your situation. It is a legal binding contract with an insurance company in exchange for a guaranteed income for a set period of time or the rest of your life. Your income will be secure from both market and interest rate risks. This can bring you peace of mind, because when you purchase an annuity, you don’t need to make any further investment
decisions about the money you’ve deposited. You know exactly how much you’re going to receive every month in income.
LIFE ANNUITY
A life annuity provides guaranteed income payments for as long as you live. Or in the case of a joint life annuity, as long as you or your spouse/partner lives.You can also choose a guaranteed period for your annuity. If you die before the end of that period, your beneficiary will receive the balance of the guaranteed income payments. With life annuities, you never have to worry about outliving your retirement income.
TERM CERTAIN ANNUITY
A term certain annuity provides guaranteed income stream to an individual for a specific period of time. If you die before the end of that period, your beneficiary will receive the balance of the guaranteed income payments.Once the last payment is made, the contract expires and no further payments are made.