Ormond Beach Insurance – Annuities

Ormond Beach, Daytona Beach, and Palm Coast, Florida

Let’s talk about Ormond Beach life insurance, specifically, annuities. Not familiar with what an annuity is? You’re not alone. Annuities are most easily described as a binding agreement between you and your insurance provider where it is understood that they will ensure you have a steady income stream, or a lump payment upon reaching your retirement, or once you are over 59.5 years of age.
Annuities provide you with more of an advantage than your run of the mill retirement plan in that they allow you to take advantage of tax free unlimited investments of your funds.