What is an Annuity?
An Annuity is a contract between your client and an insurance agency. The client purchases the annuity up front with either a single payment or a payment plan; the insurance agency then pays your client back in the future (sometimes immediately, however) with either a lump sum or a series of payments. There are three basic types of annuities: fixed, variable, and indexed. Click here for information about Fixed, Variable, and Indexed Annuities.
Why Choose an Annuity?
An annuity provides income security and money balancing for the client. Periodic payments can go to your client or your client?s family/spouse, and if your client passes away, the payments continue to go towards the named beneficiary, still tax-free and withdrawable.
Who Does an Annuity Benefit?
This type of policy is directed towards elderly clients heading into retirement or planning for a future retirement. Younger clients will want to consider other policies, such as Term Life Insurance, Whole Life Insurance, or Universal Life Insurance.
To See Specific Products, Click Below: