Life Annuities are a series of payment at fixed intervals, paid while the purchaser is alive. It is an insurance product typically sold or issued by a Life Insurance Company. Life Annuities may be sold in exchange for the immediate payment of a lump sum or a series of regular payments, prior to the onset of the annuity.
Life Insurance Annuity Types:
If you have maxed out your 401K or IRA Contributions and want to make sure you don’t outlive your savings.
Life Insurance Annuity Terminology
Income Annuities are annuitized immediately, although the underlying income units may be in either fixed or variable investments. As such, the income payments may fluctuate over time. An income annuity is typically purchased with a lump sum payment, often by people who are near or at retirement.
Annuity that guarantees regular payment of a certain sum for the life of the insured. In case of death before the completion of a specified period, the payments are made to a designated beneficiary until the end of that period.
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Our team is readily available to craft a policy that custom fits to your needs. We promise to not only provide a policy fulfilling your specific needs, but also to help you understand how and what it protects you against.