Urban Benefits Group
Annuities
In retirement, annuities are a reliable means of securing a steady income and alleviating the fear of outliving one’s assets during retirement.
An annuity is a type of policy issued by an insurance company designed to accept and grow funds, and upon annuitization, create a stream of income or payments.
The money you pay in can be either a lump sum or a number of payments. Furthermore, an annuity is a long-term investment and is designed to help protect you from the risk of outliving your income. Through a contract with the carrier, once you decided to annuitize your policy, the payments you receiving are converted into periodic payments that can last for a lifetime.
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We understand medicare and insurance can be complicated and confusing at times. We are here to help you understand the basics and plus all the options available. Please feel free to call us or fill out the contact form with any questions.