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Annuities are insurance contracts that provide a fixed income stream for a person’s lifetime or a specified period of time. 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.
Make sure you’re covering all your bases. Read on to see all that NWIS has to offer.
SPIA
SPDA
Deferred Annuities
Pensions
Annuties Explained
Annuities can be optimized for income or long-term growth, but they are not short-term investment strategies. These products appeal to people whose objectives include long-term financial security, retirement income, diversification and principal preservation.
Key Takeaways
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