Annuities and index life products

Having a steady stream of income throughout your retirement is a key aspect and investing your money into annuities and index life products will give you exactly that.

  • Annuities are financial products that offer a guaranteed income stream, usually for retirees.
  • It  is a contract between you and an insurance company in which you make a lump-sum payment or series of payments and, in return, receive regular disbursements, beginning either immediately or at some point in the future
  • Depending on your requirement, you can choose between different types of annuities like fixed, variable and indexed.
  • Index life products are a type of life insurance policy that combines traditional life insurance protection with the potential for investment growth. They are also known as indexed universal life insurance policies.
  • Index life products also typically offer a guaranteed minimum interest rate on the investment account, ensuring that policyholders receive some level of return even if the index performs poorly.
  • In addition, index life products also provide traditional life insurance protection, including a death benefit paid out to beneficiaries upon the policyholder’s death.

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