Guaranteed Income Solution

An income annuity is a financial product that provides a guaranteed income stream for life. It can help you retire worry-free by ensuring a stable source of income that will never go down and that you can never outlive.

When you purchase an income annuity, you make a lump-sum payment to an insurance company. In return, the insurance company promises to pay you a regular income for the rest of your life. The amount of income you receive depends on factors such as your age, gender, and the amount of money you invest.

Whether an income annuity is a good investment for you depends on your individual financial goals and circumstances. It can provide a reliable source of income in retirement, but it may not be suitable for everyone. It's important to consider factors such as your risk tolerance, other sources of income, and your overall financial plan before making a decision.

Once you purchase an income annuity, your money is typically locked in. This means you won't be able to access the lump sum you invested. However, you will receive regular income payments for the duration of the annuity.

If you pass away before the annuity payments end, the insurance company may offer options for beneficiaries to receive the remaining payments. These options can vary depending on the terms of the annuity contract.