Salmon Agency - Oviedo Insurance - Florida Auto, Home, Life

Salmon Insurance | Financial Fixed Annuities

FIXED ANNUITIES

Fixed annuities are a great option for investing for retirement or other long-term financial goals. They can provide a guaranteed income stream for retirement and help you protect against the possibility of outliving your financial resources.*

Essentially, fixed annuities are a promise from the insurance company that you will receive a series of payments in exchange for a premium payment that can be made in a lump sum or in a series of installments. It can also be used to accumulate money for the future. Fixed annuities can create an immediate or deferred income stream, depending on the option you choose.

* deferred - allows you to accumulate funds over time and has a variety of future payout choices. Because earnings are tax deferred, your funds can grow faster over time.

* immediate - allows you to convert a lump sum of money into a guaranteed payout for as long as you live or a certain number of years.