The most basic type of annuity, it involves a lump sum deposit to the insurance company in exchange for an ongoing, guaranteed stream of income for a specified period or life. Income can start almost immediately or within a year. Since part of the income stream is a return or principal, only the gain of each payment is taxable.
Contact
- 9040 Town Center Parkway Lakewood Ranch, FL 34202
- (941) 704-3134
- d.babecki@db3insuranceservices.com