Annuities are a contract between you and your insurance company in which you make a lump-sum payment, or series of payments, and they agree to pay you back your money over time with interest or investment returns. Annuities are typically offered with tax-deferred and could include a death benefit that would be paid to your beneficiary.

An advantage that annuities have over retirement plans is that there is no limit to how much money may be paid into them. However, given that there are so many annuity options on the market, it can be confusing and overwhelming to determine which one is right for you. We are here to help you through this decision as well.