Annuities are an investment tool to protect against longevity. These products typically lock a consumer into a product by guaranteeing interest rates, generally for a period of seven years or longer. The products are great for the conservative client.

 

This product is a great choice to avoid market volatility and lock in interest rates that typically produce higher interest rates than CD’s. Annuities can be used as a regular investment or IRA’s (Retirement Funds). Annuities can also be used to generate an income stream as well. This is just an investment vehicle.