Annuities
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How does an Annuity Work?
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Picture it as a flexible retirement planning tool. It allows your retirement savings to grow on an income tax-deferred
basis and then allows you to choose a payout option that best meets your need for income when you retire - a lump sum, income
for life, or income for a certain period of time. They are often described as the opposite of life insurance - it pays while
you live, and life insurance pays after you die.
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Other Annuity Products
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