The Secret To A Guaranteed Lifetime Income

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What most people dream about their retirement is the freedom they gain and to spend their retirement money however they want. But it's possible to run out of funds too soon.

Lucky for you, there is a great way for you to realize your dreams and at the same time, get a guaranteed income, for the rest of your and your spouse’s lives. All you need to do is to invest 20% to 30% of your retirement pay, and then choose when you want to get paid.

It is a major retirement-planning tool for many people. It pays out a steady stream of funds to serve as income for retirees. An annuity is designed to be a reliable means of securing a fixed cash flow to alleviate the risk of outliving your assets.

There are two different types of annuity you could use to fit your retirement plans. You can choose to depend on how long you think your funds will last and when you want to begin receiving your payments.

• Immediate
  With Immediate Annuity, a one-time sum of payment would be given to the insurance company of your choice. They, in return, would set out specific payments for you each month. The payments will start right away after you buy the annuity. This payment would continue for the rest of your life, no matter how long it may be.
  
  Together with your Social Security benefits and any other pension payments would guarantee you an income that would let you live in comfort for the rest of your life.
  
  
• Longevity
  The second type of annuity that might work as well for you is longevity or deferred annuity. If your social security and savings will have enough to cover for you for some time, a longevity annuity is a great means for you to set a guaranteed income that would start paying when you think you’d need it.
  
  You can receive a sizable future payment from a smaller investment compared with an immediate annuity.

In investing a modest part of your saving to an annuity, you can benefit from a guaranteed stream of income for the span of your life after you retire. It is an important tool especially when you may outlive your Social Security, pension, and savings.

Find someone you can depend and trust with your investments. Buy Annuity from the best source. At Brad Spurgeon Insurance Agency Inc.​, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. To learn more about how we can help you, please contact our agency at (409) 945-4746 or CLICK HERE to request a free quote.