Questions to Ask Before Buying an Annuity

Questions to Ask Before Buying an Annuity

An annuity is a life insurance product that pays periodic income benefits for a specific period of time or over the course of your lifetime. Annuities are long term investments. They can allow you to save money on a tax deferred basis or provide you with retirement income immediately, and they protect you against outliving your assets. There are several different types – some provide a guaranteed fixed income and others invest in the stock market and provide a variable income. While annuities can be a great choice, they are not for everyone.

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