Annuities are a unique retirement savings vehicles as they can cover both sides of the retirement planning equation, growing your savings and turning them into retirement income that you can't outlive.
In its most basic sense, an annuity is a legal contract between you and a life insurance company. You agree to pay the insurance company one or more payments, called premiums. In return, the company promises to pay you income for a specified time period, such as for the rest of your life, beginning now or at a later date.
There are several different options when it comes to Annuities. Call or email us today to schedule your free consultation meeting to determine what type of annuity best fits your overall financial plan.
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Angela O'Neill is licensed in New York, Florida, Georgia and Maryland.
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