Annuities can be good, bad or somewhere in between depending on your needs and the type of annuity.
An annuity is a lump sum of cash invested to produce a monthly stream of income for a fixed period or for life. The income can start now (immediate annuity) or in the future (deferred annuity). Funds are not protected or insured by the issuers. The size of the future monthly check isn’t always a given – it depends if the annuity is fixed or variable.
Give Dennis Ravi a call at Coastal Insurance Agency for further information. We are more than happy just to take questions. Coastal Insurance Agency - Daytona Beach 386-262-1009