An annuity is a contract with an insurance company where you exchange a lump sum (or series of payments) for guaranteed income, either immediately or starting at a future date. The insurance company pools your money with other annuitants and uses actuarial math to guarantee payments for your lifetime.
Quick answer
Want the specific answer for your situation?Free 30-minute consultation and we’ll model it with your real numbers, no obligation, no sales pitch.
Related
More in
Annuities.
Annuities advisors near you:
EvanstonNorthbrookGlenviewBuffalo GroveSkokieDeerfieldArlington HeightsMount ProspectWilmetteWinnetkaHighland ParkLake ForestGlencoeLincolnwoodNilesKenilworthNorthfieldLake BluffBannockburnRiverwoodsBarringtonLibertyvillePark RidgeMorton GroveVernon HillsWheelingLake ZurichInvernessMundeleinWaukegan

When an annuity actually fits
A floor, not a fortress.
Used right, an annuity is the income floor your retirement budget rests on. Used wrong, it's a high-fee box your money is locked inside. We model both before recommending either.
Your question,
answered.
Ask us directly. We reply personally, usually within one business day.