- Invest a lump sum or invest over a period of time
- Start receiving payments immediately or at some later date
- Select a fixed, variable or indexed rate of return
An annuity is a long term contract that is issued by an insurance company designed to help protect you from the risk of outliving your income. Through annuitization, your purchase payments (what you contribute) are converted into periodic payments that can last for life.
Annuities are flexible so you can choose one that enables you to:
Before deciding on an annuity, you should consider your income needs, risk tolerance and investment objectives. An ASBA insurance agent or your investment professional can help you decide if annuities are a suitable investment.
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