Annuities are arguably the most common, most utilized, yet most misunderstood financial products available to consumers today. In fact, most investors have no idea that there are actually several very different and unique types of annuities available to them. Instead, most people have been misled by both the media and certain financial personalities who misrepresent and lump all annuities together as if each one works exactly the same.

So, what exactly is an annuity? By definition, an annuity is an amount of money that is systematically paid to a person for a specified period of time, often for the rest of his or her life. Essentially, an annuity is just a good old-fashioned income stream. Understanding the power of annuities can revolutionize your retirement plan. Many annuities will protect you from losing principal, while offering great opportunities for financial gain and also come with many built-in benefits that ensure long-term security. However, some annuities can be costly and can actually hinder you from reaching your goals. When considering an annuity, it is important to understand the different types available and the pros and cons of each. Our advisors are greatly skilled in annunities and can help you determine what is a good fit for you.

*Guarantees are based solely on the financial strength and claim-paying ability of the issuing company and compliance with product requirements.