The purpose of an annuity is to provide a set income over a given period of time. Annuities provide a place for policyholders to store their money while gaining interest without being taxed until the annuity matures. After the annuity matures, the policyholder receives payments from the annuity. The maturity date and amount of these payments are outlined in the annuity contract.
Why Do I Need This Protection?
Annuities help provide extra income in addition to your retirement plan and Social Security. You choose how often the annuity makes payments. Some annuities, allow you to withdraw money to make healthcare payments. It’s possible to even automatically withdraw your payments from the annuity for your convenience.
What Does Green Bee Insurance Offer?
Green Bee offers multiple annuity products from several companies. Contact us to learn more details about these plans today!