Whatever your plans—funding a college education, protecting your loved ones or anticipating retirement —an annuity may help you prepare for a rewarding future.
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An annuity is a contract between you and your life insurance company. Here’s how it works—you contribute money to an annuity and, in exchange, the company promises to provide a future income stream to you.
With an annuity, you can receive many benefits, including:
- Income you cannot outlive, depending on the settlement option you select
- Potential relief from probate for your family
- A guaranteed death benefit
- Tax-deferred growth of funds