Oncken Insurance Agency, P.C. Blog
An annuity is a financial contract between you and your insurance company and is often used as a retirement plan. You can fund your annuity by paying a lump sum amount or making smaller regular payments over time. After you retire, you may get your money in a similar manner; through small payments or “annuities” or in a lump sum amount.
Pros of getting an annuity
Cons of getting an annuity
Bottom line? An annuity is perfect for people who are both nearing retirement and have the capacity to pay for it. If you’re not sure if an annuity is right for you, you can consult with a financial advisor for help.
At Oncken Insurance Agency, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (281) 256-8310 or Click Here to request a free quote.