Medicare Supplement Store Blog
Annuities are investments that allow a person to make a one-time investment and receive payments back over time. There are many different types of annuities, including an annuity due. An annuity due is a type of retirement savings account that pays the investor earlier than a standard annuity.
An Annuity Is An Investment
Annuities are investments that allow a person to make a single payment and receive regular payments back over time. Most annuities are purchased with an insurance payout, but some can purchase some directly from the issuer.
An annuity will typically have a guaranteed rate of return. It may provide benefits like death or disability protection, inflation protection, and disability income replacement (the latter may be called "spouse" benefits).
A common misconception about annuities is that they guarantee your money for life; however, this isn't always true as there are several factors involved in determining whether or not an annuity will meet its obligations at retirement age.
Annuities Can Be Very Beneficial To a Person Who Has Money To Invest
Annuities are a way to save for retirement and other purposes. They are also a good way to get regular payments back over time, which many people find very beneficial.
Annuities can benefit a person with money to invest but would also like regular payments made over time. Insurance companies issue annuity contracts that protect against loss in the form of cash or property at death or disability (or both).
Annuities are often associated with retirement income but can also be used to pay for other things. Like any insurance, annuities come with important details you should know before signing up for one.
We've explained what an annuity due is, how it works, and how you can protect yourself from losing money if an issuer goes bankrupt or stops paying claims on its policyholders' accounts. Hopefully, you can make more informed decisions about your plan, and if you still have questions, please contact one of our agents to help you out!
At Medicare Supplement Store, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (732) 252-8828. Get your free quote today by CLICKING HERE. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!