Co-Founder, Coastal Financial Partners Group, California
An annuity is a long-term savings plan that can be used to accumulate assets on a tax-deferred basis for retirement and/or to convert retirement assets into an income you cannot outlive.
An annuity is the opposite of life insurance. What they share in common is that both are insurance contracts.
Life insurance provides financial protection against the risk of dying prematurely.
An annuity provides financial protection against the risk of living too long and being without income during retirement.
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An annuity is the opposite of life insurance. What they share in common is that both are insurance contracts.
Life insurance provides financial protection against the risk of dying prematurely.
An annuity provides financial protection against the risk of living too long and being without income during retirement.