Annuity glossary
Annuitization
The moment you convert an annuity's accumulated value into a stream of guaranteed payments, either for the rest of your life or for a set number of years. Once you annuitize, the decision is generally irreversible: you trade access to the lump sum for the certainty of scheduled income from the insurance company. The contract explains the payment calculation, timing, charges, limits, and survivor choices that apply. Any guarantee is backed by the claims-paying ability of the issuing insurer.
Any guarantee is backed by the claims-paying ability of the issuing insurer.
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Educational film
See the retirement tradeoffs in context.
The Descent is a short educational film about income, taxes, and uncertainty after work. Watch it to build context before considering any insurance product.
Watch The Descent