An annuity is a financial vehicle that accumulates money on a tax-deferred basis. An annuity can also be used to provide:
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Lifetime income
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Tax-deferred growth which may dramatically influence the value of your savings.
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As an alternative to bank Certificate of Deposit (CD).
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An excellent way to meet financial objectives, including estate planning and tax deferment.
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Pass on to your beneficiaries without the hassles or expenses of probate.
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A systematic way to save for retirement.
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May accept a pension rollover
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Fixed annuity pays a guaranteed rate of interest for a specified period of time.
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No sales charges or annual maintenance fees.