Did you know that Annuity contracts can be traced all the way back to Roman times?Apparently during the Roman times they were know as annua, or “annual stipends” in Latin. Roman citizens could enter into this contract known as an annua, which would promise the individual a stream of payments for a fixed amount of time or possibly for life.
Annuities are gaining back their popularity these days with the Obama administration encouraging the use of annuities per the J.P. Morgan article “Retirement income policy proposals”.
Annuities can provide assurance of a steady stream of income for life. Now tell me who wouldn’t want that?
If you have a 401k, IRA, CD or Savings Account in which you pay taxes on the interest you gain. Then I would suggest rolling that investment into an annuity. -OR- If you have Stocks that are currently shrinking your nest egg away, then you may want to roll it into an annuity.
Visit Annuity Basics page to for more information or Contact your financial advisor/life insurance representative to learn about the benefits in your situation.
Note: This blog is designed for general information purposes only. All information presented on this site should not be interpreted as legal advice and the author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information. For legal and tax advice contact your attorney or tax adviser.
Rita Sollie, Direct Insurance Representative with North Coast Life Insurance Company (NCL). No gimmicks or schemes here, just genuine and honest service. We don’t sell insurance, we solve problems. I welcome the opportunity to show you what NCL can do for your Life Insurance and Financial needs.
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