Annuities are investment products used to increase or protect savings, or generate a stream of income. Annuities can offer tax-deferred savings, competitive interest rates, and a guaranteed stream of income you can't outlive.
Annuities can offer individuals a reliable and steady cash flow means during retirement, alleviating, or eliminating any fear of longevity risk or outliving one’s assets. Annuities can turn a substantial lump sum, such as a large cash settlement from a lawsuit or from winning the lottery, into a steady cash flow.
Certain pensions, and of course Social Security, are examples of lifetime guaranteed annuities that pay retirees a steady cash flow until death.
As an East Coast Insurance Broker and Marketer, we specialize in assisting both agents and individuals with affordable Medicare, Health and Life Insurance, Annuities, Long term Care Insurance, and additional Illness and Accident Plans in New York, New Jersey, Connecticut, Pennsylvania, Florida and beyond.