Simply put, an annuity is a contract between an individual and an insurance company. It is designed to protect and grow their money, and then provide a stream of income during retirement. In fact, other than pensions, annuities are the
only products that provide guaranteed lifetime income.
Annuity Basics: How do they work?
An annuity is purchased by making a payment to an insurance company.
The annuity can grow over time.
The annuity is turned into a steady stream of retirement income payments.
If you are an existing annuity policyholder or would like more information on retirement savings and income, please visit www.GAIGannuities.com to learn more about our company and products, or to login to your account.
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