Annuity

Annuity

Annuity Solutions

Generating retirement income with annuities

What is an annuity?

An annuity is a contract issued by an insurance company that can guarantee a steady stream of future income in exchange for a single premium payment or a series of premium payments. As long-term financial vehicle that grow tax-deferred during the accumulation phase, annuities can help safeguard against the risk of an individual outliving his or her assets by providing periodic income payments that can be guaranteed for life.

Why consider an annuity?

Annuities can help you generate retirement income. That’s important because planning for retirement invariably comes down to one simple question: Will you have enough money to last the rest of your life?

If you are like many individuals facing retirement, the question can be a real cause for concern, but you are not alone. It is a predicament presently confronting more than 76 million Baby Boomers, each with their own vision of what successful retirement might be.

With company pensions increasingly a thing of the past, you must depend on your retirement savings to supplement your Social Security income, but will your nest egg last as long as you do? Annuities can help generate income, which is why many people are including them in their retirement strategy.

Assurity Benefits Group offers several types of annuity products that may fit your specific needs and financial goals call or email to see which type of annuity is best for you.