An annuity is a contract between you and an insurance company, under which you pay money for a set period of time. In return, you start to receive regular payments for a set period of time. The amount of time you pay to the annuity can very from a one-time payment to several smaller payments over a long time period.
Annuities provide income for those who believe Social Security may not be enough for retirement. When you reach the date where you begin receiving annuity payments, you will be paid a guaranteed amount of income every month until your death.
Annuities typically offer tax deferred growth of earnings and may include a death benefit that will pay your beneficiary a guaranteed minimum amount, such as your total purchase payments.
We offer a range of innovative annuity products and services that can serve your retirement and long-term financial needs. Trust our experts to walk you through the options, match them to your lifestyle and needs, and help you plan for a sound financial future. The Upside is being able to call an advisor, not a sales person.
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