Annuities
Deferred Annuity and Immediate Annuity
Income that will last you as long as you live
Deferred Annuity? Immediate
Annuity? What do these terms mean? Life Insurance
pays a death benefit to your beneficiary
upon your passing away. Annuities
pay you while you’re
living. Annuities can be paid in
one premium or build up deferred
income (deferred
annuity) unless you begin to draw
on the money immediately. That’s
why you’ll hear people talking
about deferred or immediate annuities.
Annuities can be structured so that
income can continue for as long as
you live, yet still provide income
to your survivors after you pass
on. Think of it as a way to supplement
social security and your other retirement
monies coming in.
You may contact Tom with any questions or to discuss your needs toll free at 1-800-345-2588 or e-mail him at tom@tomkatsisinsurance.com.