Cash now or cash later? With some annuity types, you can choose to receive cash right away after paying your principal, creating an immediate cash flow with no waiting. But there are significant advantages to using a deferred annuity as well.
It largely depends on where people are in life. Many people choose an immediate annuity as they near retirement age because of the steady, predictable income it can provide to supplement their other retirement savings and income. It’s great to get cash right away, but deferred payments can be an invaluable tool in saving for retirement. Unlike traditional IRAs or Roth IRAs, there are no limits on how much someone can contribute to their annuity.
 Surrender charges and other penalties may apply to early withdrawal of principal. See policy for details, or call us to discuss.