Annuities are financial products intended to enhance retirement security. An annuity is an agreement for one person or organization to pay another a series of payments. Usually, the term “annuity” relates to a contract between an individual and a life insurance company. In general, annuities have the following features.

1. Tax deferral on investment earnings

2. Protection from creditors

3. An array of investment options

4. Tax-free transfers among investment options

5. Lifetime income

6. Benefits to heirs

The Turning 65 Advisor offers 13 years of industry engagement and consulting on annuities and how they can provide against risks in your retirement. They will help you understand how annuities should be part of almost every retirement portfolio to ensure guarantees on your income and protection against uncertainties.