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Description
Over the past several years, there has been a significant increase in annuity sales to consumers, in particular senior citizens. There continues to be confusion about annuities and some questionable sales practices. This brochure provides important information that will help you if you are considering purchasing an annuity.
Pub. Date
2014
Description
An annuity is a contract in which an insurance company makes a series of income payments at regular intervals in return for a premium or premiums you have paid to the insurance company. Annuities are often purchased for future retirement income. Annuitization results from your election to receive regular income payments from your contract. Once you choose to annuitize your contract, that decision cannot be changed. If you elect to annuitize your...
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