There are many different types of annuities for you in Hickory, and we can help you navigate the types and terminology at Prime Benefits Insurance.
You may have heard the term “annuity” tossed around in conversations about saving for retirement, but you may not be sure what exactly annuities are. Are they a savings account or an investment account? How do annuities work?
Annuities are a type of insurance product that can be used as part of your retirement strategy in Hickory, North Carolina. You save money from your income while you are working, and after retirement your annuity pays you a “paycheck” based on the amount you have saved and your expected expenses. Annuities are very popular if you would like to continue to have stable payments after retirement rather than managing lump-sum payments or withdrawals from your investment and retirement accounts.
There are many different types of annuities, and we can help you navigate the types and terminology at Prime Benefits Insurance Choosing the right type of fixed annuity product and understanding the tax implications takes an experienced and knowledgeable agent who can explain the details so you feel informed. At Prime Benefits Insurance, we are constantly building lifelong relationships with our clients, and you’ll find that we are your trusted resource when you have questions about annuities and your other retirement preparation options.
Annuities can be an excellent choice for individuals and families from all walks of life. The most important part is making sure to choose the plan that will work best for you. If you have heard about annuities and you are interested in learning more, contact us at Prime Benefits Insurance today for more information.