Annuities are typically offered by life insurance companies to help you obtain a stable income during retirement. If you're not fully participating in the workforce, about to retire, or have retired, fixed annuities will help stabilize your income from investments. You can choose to pass annuities directly to your beneficiary.
The annuitant (the person who owns the annuity) can get a set amount of income paid at regular intervals from fixed annuities until a specified period has ended or event has occurred. These are specific insurance contracts where many types of options can be added to your basic fixed annuity for a fee. Speak with us today