D Ellis & Associates Annuities: Regular Income Streams
Annuities
Annuities are insurance contracts that provide a fixed income stream for a person’s lifetime or a specified period. An annuity can be purchased with a lump sum or a series of payments and begin paying out almost immediately or at some point in the future. Annuities are often used as a way to fund retirement.
- An annuity is a customizable contract issued by an insurance company that converts an investor’s premiums into a guaranteed fixed income stream.
- The type of annuity you purchase determines your future annuity payments.
- The primary benefits of buying an annuity include principal protection, the potential for guaranteed lifetime income and the option to leave money to your beneficiaries. Some annuities may also be optimized to help pay for long-term care.
An annuity is an insurance product designed to provide consumers with guaranteed income for life.
More specifically, an annuity contract is a legally binding, written agreement between you and the insurance company that issues the contract. This contract transfers your longevity risk the risk of you outliving your savings to the insurance company. In exchange, you pay premiums as outlined in the contract.
At D Ellis & Associates, we currently offer the Fixed Indexed Annuity options for our valued customers. Fixed Indexed Annuities share in upside gains while maintaining the downside risks. As a result, your investment can only go up and never go down.
Annuities
Annuities are financial products that offer a regular stream of payments over a specified period or for the rest of your life. They are commonly used as a retirement planning tool to provide a dependable source of income after you’ve stopped working. Annuities can be purchased through a lump-sum payment or a series of contributions, and they come in various types, including fixed, variable, and indexed annuities.
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