LIFE ANNUITY

An annuity is a contractual financial product sold by Insurance companies that is designed to accept and grow funds from an individual and then, pay out a stream of payments to the individual at a later point in time.

Annuities were designed to be a reliable means of securing a steady cash flow for an individual during their retirement years and to alleviate fears of longevity risk, or outliving one's assets.

Annuities can also be created to turn a substantial lump sum into a steady cash flow, such as for winners of large cash settlements from a lawsuit or from winning the lottery.

Like defined benefit pensions, they provide guaranteed income for as long as you live.

Just about every expert who has studied annuities believes they are the most effective safeguard against “longevity risk,” or the possibility of outliving your wealth, says Moshe Milevsky. His recent book, Life Annuities: An Optimal Product for Retirement Income, includes a survey of studies on the topic.

Annuities could be a very important part of your retirement plan.

Contact MoneyValue to incorporate annuities into your Retirement Plan.