Annuity Definitions - The Glossary of Terms
The Alliance for Lifetime Income is a nonprofit organization committed to helping Americans understand the value of guaranteed lifetime income through annuities.
Annuities are financial products that provide regular payments for a specific period of time or for the rest of your life.
Common annuity terms include:
Premium - the amount of money you pay to purchase the annuity;
Benefit Period - the length of time you will receive payments; and
Commencement Date - the date payments begin.
Understanding how annuities work and the types of available annuity products can help secure a steady stream of income throughout the retirement years.
The Alliance for Lifetime Income provides a annuity glossary of terms is a great resource to help you understand the different types of annuities, their features, and the benefits they can offer.
This guide along with our expertise and knowledge, you can rest assured that we will help you choose the best annuity option to fit your needs.
To get a better understandin of how different types of annuities work, contact us today to receive your copy of this glossary of terms, you'll be glad you did.