What is an annuity? An annuity is an insurance product that pays out
income over time, and can be used as part of a retirement strategy.
Annuities are a popular choice for people who want to receive
a steady income stream in retirement.
How does an annuity work? You make an investment
in the annuity, and it then makes payments to you on a future
date or a series of dates. The income you receive from an annuity
can be payed out monthly, quarterly, annually or even in a lump
The size of your payments are determined
by a variety of factors, including the length of your payment
You can opt to receive payments for the
rest of your life, or for a set number of years. How much you
receive depends on whether you option for a guaranteed payout
(a fixed annuity) or a payout stream determined by the performance
of your annuity's underlying investments (a variable annuity).
Contact us for more information on how an annuity can give
you financial freedom for the future.