Annuities are income-guarantee contracts offered by life insurance companies that are customized just for you. Many annuity applications can be submitted electronically, but a consultation with an insurance professional or advisor is required to help you determine which features are right for you, including:
- Access to funds
- Level of market exposure
- Desired payment periods
- Beneficiary options
- Tax-advantaged features
- Annuity company and product
Your insurance professional will explain your options, help you understand long-term financial impacts, and guide you to a solution that maximizes your guaranteed income and supports your overall financial goals within your budget.
If you don’t have an agent or advisor, you look for one in your area with the Agent Locator.