Annuities refer to long-term investments issued by an insurance company. It is designed to provide protection to the insurance holder from the income outliving risks. Investors purchase or invest in annuities through lump-sum fees or monthly premiums to the insurance company, and it starts paying out instantly or at a certain period in the future. By annuitization of purchase payments, it is possible to convert your payments into specific periodic payments that last for a lifetime.
Often, people use annuities to fund their retirement. Annuity agreements transfer risks associated with the down market to your insurance carrier. It means that when you invest in an annuity, you remain protected from longevity and market risks. At Edison Risk, we can help you choose the right annuity option according to your client’s specific needs and goals. Our solutions help your clients prepare and plan a future with confidence.
