That’s a risk that you may be able to do something about. When you invest in an annuity you set the stage to receive income in the future subject to the terms, conditions and or limitations of the insurance contract.
An annuity is designed to help accumulate assets to provide income for retirement. Annuities do have limitations. If early withdrawals occur penalties may apply and earnings are taxable as ordinary income.
HOW DO ANNUITIES WORK?
.An annuity is a long term investment that is issued by an insurance company designed to help protect you from the risk of outliving your income. Through annuitization your purchase payments (what you contribute) are converted into periodic payments that can last for life.
ABI Insurance Company Ltd. offers a flexible-premium, deferred annuity that accepts ongoing deposits of as little as $100 per month.
Are you thinking about early retirement?
If yes, with ABI Insurance’s Flexible Premium Deferred Annuity plan you can choose to start receiving annuity benefits between your 50th and 70th birthday based on the amount you invest now.
With various life income payment options you can actually decide how the payments will be made to you.
Contact us to learn more
156 Redcliffe Street
P.O. Box 2386
St. John's, Antigua
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