A life annuity is an insurance product that provides income for life.
You make a one-time payment to buy the annuity. Your income will depend on the amount you invest in the annuity, your age and terms for the income.
The ideal time to buy an annuity may be when you’re close to retirement (or already retired) and you want to deliver a regular, dependable income with none of the volatility and risk associated with other investments.
Contact us for details and a quote.