Safeguarding your initial investment from market losses. Lifetime Income: Ensuring you never outlive your savings. Legacy: Leaving a specific benefit for your heirs.
begin paying income almost immediately (within a year) after a single lump-sum payment. buying an annuity
Annuities are categorized by when they pay out and how they grow: Safeguarding your initial investment from market losses
Covering potential future medical or confinement costs. 2. Choose the Right Type of Annuity buying an annuity
accumulate value over a period before starting payouts at a later date. Growth Mechanisms:
Before looking at products, ask yourself what you want the money to do for you. Common goals include:
Safeguarding your initial investment from market losses. Lifetime Income: Ensuring you never outlive your savings. Legacy: Leaving a specific benefit for your heirs.
begin paying income almost immediately (within a year) after a single lump-sum payment.
Annuities are categorized by when they pay out and how they grow:
Covering potential future medical or confinement costs. 2. Choose the Right Type of Annuity
accumulate value over a period before starting payouts at a later date. Growth Mechanisms:
Before looking at products, ask yourself what you want the money to do for you. Common goals include: