Annuities are insurance products that can help you accumulate money for retirement and can provide you a reliable, guaranteed income in your golden years.
You might be right for an annuity if:
You're nearing retirement age or have already retired
You need to replace income from your regular paycheck
You want the peace of mind that your investment won't decline in value
You want an alternative to a certificate of deposit
You want to build money tax deferred to use at a later date
You have non-qualified funds to invest in a financial product
What can you use annuity payments for?
How you use annuity payments are up to you. Here are the most common uses:
Everyday living expenses
Supplement Social Security payments or other income sources you may have
Fund a grandchild's education
Contribute to charity
Fund other insurance products
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