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Annuity is a tax-deferred agreement that provides an income for a particular time period, or for life. They are of two types:
- Deferred annuities: allow you to increase your assets tax deferred and change your account balance to income payments at a future date.
- Immediate annuities: which generally
allow you to receive income payments instantly.
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Deferred annuities- help
you save money for retirement. Your money grows consequently, tax deferred. A deferred annuity has two
stages- savings and investing, and retirement income.
It enables you to make a single, lump-sum payment, and you make multiple contributions over time. Immediate annuities - facilitate making regular income payments for your loved ones. It also has extra benefits like income for a set period of time only. This kind of agreement is ideal for people who
want an income with many agile options.
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an annuity quote
We provide annuities even if you have experienced any of these:
- Bad credit
- Defaults
- Arrears
- Bankruptcy
- CCJs
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