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0:39
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Insurance Exam Prep by JustInsurance
Annuities Explained — Build Guaranteed Retirement Income You Can't Outlive
Annuities are the only retirement product specifically designed to convert savings into guaranteed income — and that's why they exist in nearly every serious retirement plan 💡 You contribute during your working years. The insurance company grows your money tax-deferred. When you're ready to retire, you flip the switch and convert that ...
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Replying to @lizahnvzyl a living annuity is a retirement investment that's allows you to generate an income. you invest your capital, and can draw between 2,5% and 17,5% annually. You may run out of money if you draw too much,or you may have money for your children to inherit, if theres still capital left when you pass away. #retirement #annuity #retirementplanning
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