What are Annuities?

Annuities are a financial product that pay out a fixed stream of payments that are typically used as an income stream for retirees.

All annuities have one feature in common, and it makes annuities different from other financial products. With an annuity, the insurance company promises to pay you income on a regular basis for a period of time you choose – including the rest of your life. You’ll have choices about how to receive income payments. Money going into an annuity can be qualified i.e. IRA or non-qualified (after tax dollars.)


What are the benefits of an annuity?
  • Annuities create a guaranteed stream of income. Many people worry about outliving their savings in retirement, and annuities help hedge against this risk.
  • Saving money for your future without paying taxes on the interest until later
  • Unlike retirement accounts, there’s no limit on annuity contributions.
What is a fixed annuity?
Fixed annuities are insurance contracts that pay a guaranteed rate of interest on the account owner’s contributions.
What happens to an annuity when I die?
Nearly all annuities will pay your named beneficiaries your full account value, without penalty, upon death.

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    Edna has been in business for 30 years, offering all lines of insurance.
    As an independent agent, she is contracted with several carriers. This allows her to assess individual needs and custom design a policy portfolio to suit those needs.