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Nov 4 2019

Annuity insurance policy / #Video

#Annuity #insurance #policy



Annuity insurance policy

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What is an annuity?

Simply put, an annuity is a contract between you and an insurance company. It is designed to protect and grow your money, and then provide a stream of income during your retirement. In fact, other than pensions, annuities are the only products that provide guaranteed lifetime income.

How do annuities work?

  1. You purchase an annuity by making a payment to an insurance company.
  2. Your annuity can grow over time.
  3. When you’re ready to start receiving retirement income, your annuity is turned into a steady stream of income payments.

Annuity advantages

Here are some reasons you might want to consider purchasing an annuity

  • Protection and growth: You want to grow your money while protecting all or some of it from loss.
  • Tax-deferral: You want to take advantage of tax-deferred growth.
  • Retirement income: You want to turn the money you’ve saved into a regular paycheck for a specified number of years or for life.
  • Death benefit: You’re looking for an efficient way to leave a legacy for your loved ones.

What an annuity isn’t

As you consider if an annuity is right for you, it’s important to keep in mind that an annuity is:

Simple is Great

At Great American, we understand the importance of retirement security. With medical advances in health care leading to increased longevity, it’s possible your retirement may last longer than 30 years. That’s why it’s important to work with a company that has long-term financial strength and experience.

We are committed to simplifying your path to financial security with annuities that are easier to understand and superior service every step of the way.

Find Tools & Resources to help secure your financial future.

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SOURCE: http://www.greatamericaninsurancegroup.com/for-individuals

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