FINANCIAL PLANNING

According to the US Securities and Exchange Commission, an annuity is “a contract between you and an insurance company that requires the insurer to make payments to you, either immediately or in the future. You buy an annuity by making either a single payment or a series of payments. Similarly, your payout may come either as one lump-sum payment or as a series of payments over time.”

If you are looking to expand your streams of income during retirement, buying an annuity is an excellent approach! There are several types of annuities that you can benefit from depending on what you are looking for; EnsureVisor can guide you.

With an annuity, you can have an ever-growing investment due to a guaranteed rate of return.