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All About Annuities

When planning for the future, you may have heard suggestions on annuities and how they can benefit you in the long run. First, what is an annuity? An annuity is basically a way to guarantee income for the rest of your life. There are two standard types. The first is an immediate annuity, and the second, is a deferred annuity. Here is a quick snapshot of the options for each:

  • Life – You will receive dividends for life.
  • Period Certain – You will receive dividends for a specified amount of time.
  • Life Annuity with Period Certain – You will receive dividends until your death. That income will then transfer to a beneficiary.
  • Joint and Survivor – You will receive dividends during your lifetime and after you expire, your beneficiary will receive a percentage of that income.

All of these options can be explained in detail from a knowledgeable insurance agent. For more information and tips on choosing the right annuity for you in the Los Angeles, California area, contact Save-On Health Insurance Services today!