Buying Annuities For Retirement Now

An annuity is a long-term contract with an insurance company where you pay a premium in exchange for a guaranteed stream of income for a set period or for life. They are primarily used to bridge income gaps in retirement and protect against longevity risk—the chance of outliving your savings.

Annuities are categorized by payments start and how the funds grow: Annuities What Seniors Need to Know buying annuities for retirement