Short Term Annuities
Short-term annuities are financial products that provide a guaranteed income for a fixed period of time, typically one year or less. They are often used as a way to generate income during a transition period, such as retirement or a job change.
When you purchase a short-term annuity, you make a lump sum payment to an insurance company in exchange for a series of regular payments over the agreed-upon period. The payments are usually made monthly, but can also be made quarterly or annually. The amount of the payments depends on the amount you invest, your age, and the length of the annuity period.
Short-term annuities can be a good option for those who need a predictable income stream for a short period of time, but don’t want to commit to a longer-term annuity. They also provide protection against market volatility, as the payments are guaranteed regardless of market conditions.
Whether you’re looking to supplement your existing retirement income or explore new investment avenues, our short-term annuities can offer you the flexibility and control you desire.
It’s important to note that short-term annuities typically offer lower returns than other types of investments, such as stocks or mutual funds. Additionally, there may be fees associated with purchasing a short-term annuity, so it’s important to carefully consider the costs and benefits before investing.