An annuity is a contract between you and an insurance company in which you make a lump-sum payment or series of payments and, in return, receive guaranteed lifetime income beginning, either immediately or at some point in the future. An annuity can be designed to help protect you from the risk of outliving your income.
Research shows that people with a guaranteed lifetime income source tend to be happier and live longer. Here is one of many studies that state a guaranteed lifetime income stream is key to retirement happiness. Securing at least a base level of lifetime income should be every retiree's priority at least if they want to live happily ever after. Legacy Builders Group shops around to customize the right plan for your specific guaranteed lifetime income needs.
