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 a financial professional, you look for one in your area with our locator.