Oncken Insurance Agency, P.C. Blog
Annuities are financial products to enhance a person's retirement security. An annuity is an agreement and contract for one person or organization to pay a further payment series. The term "annuity" articulates or relates to a contract between a person and his life insurance company.
Categories of Annuity
Annuities can be classified as:
An annuity is also classified into various categories at the same time. For example, a person can buy a nonqualified single premium deferred variable annuity.
Types of Annuities
Annuities can generate a continuous income stream that you cannot outlive. Annuity insurance will last as long as you are alive, some even longer because most payments are based on a person's life expectancy.
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.