top of page
Call for free assistance - (903) 805-9930

What is an Annuity?

An annuity is a contract between you and an insurance company where you make a lump sum payment, and the insurance company pays you a steady income throughout retirement after a certain amount of time. Annuities have interest rates that can grow your money depending on what type of annuity you choose.

Types of Annuities

1

Fixed Index Annuity

A Fixed Index Annuity is an annuity that is attached to one or several stock market indices. However, you are not putting your money directly into the stock market. This means that you will never lose any money, but you will also not fully participate in the gains.

2

Multi-Year Guaranteed Annuity

A Multi-Year Guaranteed Annuity is an annuity that grows for typically 5, 7, 10+ years with a guaranteed interest rate to grow your money before you start receiving payments.

bottom of page