How to get paid for LIFE? an ANNUITY!!
Guaranteed retirement income
Protects your money from market loss
Options for lifetime payments
Excellent for building stability at any age
An annuity is a financial product offered by insurance companies—that allows you to convert a lump sum of money into a stream of regular payments to yourself for the rest of your life.
Accumulation phase
You deposit money and let it grow
Payout phase
The insurer sends you regular payments.
Here’s how it works and why it can provide stable income:
An annuity is basically a contract between you and an insurance company. You pay them (either all at once or over time), and in return, they promise to pay you back on a schedule—monthly, quarterly, or annually. Which means you know exactly how much you will receive and when. That’s why retirees often use them to cover essential expenses—like rent, food, utilities, or healthcare. You can fund your first Annuity as young as 18 years old.
2. Lifetime Income
Some annuities can pay you for as long as you live, even if you live longer than expected. This protects against longevity risk (running out of money).
While money is inside the annuity, it grows tax-deferred, helping it accumulate faster until you start taking payments.
Fixed annuities or income annuities are not tied to the stock market, so you get stable income even when markets are shaky.
Accumulation phase
You deposit money and let it grow (if applicable).
Payout phase
The insurer sends you regular payments.