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People are living longer and that means more time and savings will be spent in retirement. If you need a tax-deferred investment to provide a guaranteed1stream of income for life or a specified number of years, it might be worth considering an annuity. An annuity is a contract between an insurance company and an annuity owner. In exchange for a purchase payment, or series of payments, the insurance company guarantees1to pay a stream of income in the future.
There are two types of annuities—Immediate and Deferred.
Immediate Annuities
An immediate annuity is usually purchased with a single premium and begins a stream of income within the first 12 months from the date of issue. You decide when payments will begin within that period and how long to receive income. There are two types of immediate annuities: fixed and variable.
Deferred Annuities
A deferred annuity is specifically designed to help accumulate assets for retirement. It also offers the ability to turn those assets into a guaranteed stream of income at some point in the future. You decide when payments begin and how long to receive income. There are basically two types of deferred annuities: fixed and variable.
People are living longer and that means more time and savings will be spent in retirement. If you need a tax-deferred product to provide a guaranteed1 stream of income for life or a specified number of years, it might be worth considering a fixed annuity. An annuity is a contract between an insurance company andan annuity owner. In exchange for a purchase payment, or series of payments, the insurance company guarantees1to pay a stream of income in the future.
There are two types of annuities—Immediate and Deferred.
Immediate Annuities
An immediate annuity is usually purchased with a single premium and begins a stream of income within the first 12 months from the date of issue. You decide when payments will begin within that period and how long to receive income.
Deferred Annuities
A deferred annuity is specifically designed to help accumulate assets for retirement. It also offers the ability to turn those assets into a guaranteed stream of income at some point in the future. You decide when payments begin and how long to receive income.
CRN202102-244092