Immediate annuities are contracts, between an individual and an insurance company. With an immediate annuity, you exchange a lump-sum of money for a guaranteed income stream. The insurance company takes ownership of your money, and agrees to pay you a set amount of income, for a pre-determined amount of time.
That may vary from:
- Five Years
- Ten Years
- Income for Life
Upon exchanging your money, the insurance company will begin paying you income almost immediately.
To learn more contact our Infinex Financial Consultant, at 508-381-5212.
Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Milford Federal Investment Services is a trade name of Milford Federal Bank. Infinex and the bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value. *We do not provide tax advice. Consult your tax preparer for your particular situation.