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Newsletter
2017 3rd Edition (Other Editions)
BOND VALUES
How Can an Income Annuity Protect Against the Risk of Living Too Long?
The purpose of an annuity is to protect against the financial risk of living too long...the risk of outliving retirement income...by providing a guaranteed* income for life. In fact, an annuity is the ONLY financial vehicle that can systematically liquidate a sum of money in such a way that income can be guaranteed* for as long as you live!
In fact, an annuity is the ONLY financial vehicle that can systematically liquidate a sum of money in such a way that income can be guaranteed* for as long as you live!
Here's how an income annuity works:
- The annuitant pays a single sum of money to an insurance company.
- The insurance company pays the annuitant a guaranteed* income for as long as the annuitant is alive.
- The insurance company pays survivor benefits, if any, to the annuitant's designated beneficiary after the annuitant's death.
* Guarantee is based on the continued claims-paying ability of the insurer.
The information, general principles and conclusions presented are subject to local, state and federal laws, regulations, and court cases. While every care has been taken in the preparation of this report, VSA is not engaged in providing legal, accounting, financial or other professional services. This report should not be used as a substitute for the professional advice of an attorney, accountant, or other qualified professional. © VSA, LP