Simply put, an annuity is a contract between an individual and an insurance company. In fact, other than pensions, annuities are the only products that provide guaranteed lifetime income. Annuities provide:
With an annuity, your clients can enjoy growth opportunity with complete or partial downside protection.
Annuities offer tax-deferred growth, which allows your clients’ money to accumulate at a faster rate than it would in a taxable product.
Your clients can turn the money they’ve saved into a regular paycheck for a specified number of years or for life.
Annuities offer an efficient way to leave a legacy for loved ones.