Life Annuity

Annuity is the contract between you and the insurance company, where you give insurance company a sum of money, either in payments (deferred annuity) or in lump sum (immediate annuity), and insurance company will guarantee monthly payments back to you for specific period of time (annuity with period certain) or for as long as you live (life annuity).

 

Annuities contracts could get complicated to understand and therefore often a help of a knowledgeable agent is needed. Contact us for more information about life annuities.