Annuities

Are you worried about outliving your income or savings? Our annuity solutions may be able to help. When you invest in an annuity, you set yourself up to receive income in the future.

An annuity is a long-term contract you designed to help accumulate assets to provide income for retirement. Annuities do have limitations, such as fees associated with early withdrawal, but in the long run can be a valuable asset to your financial portfolio.

How do annuities work?

Your financial contributions are converted into periodic payments that can support you for life.

Massey Insurance Services can help you match your plan to your needs in a variety of ways:

Invest a lump sum or invest over a period of time
Start receiving payments immediately or at some later date
Select a fixed, variable or indexed rate of return

What type of annuity could fit into your investment plan?

Whether your needs are immediate or long-term, you can choose the type of annuity whose features work for your situation:

Variable

With a variable annuity, you choose investments and earn returns based on how those investments perform. You can choose investments that offer different levels of risk and potential growth, depending on your investment goals and tolerance for risk.

Immediate

An immediate annuity is usually purchased with a lump-sum and guaranteed income starts almost immediately. Your investment converts into a guaranteed stream of income that is irrevocable once payments begin. In some situations, funds can be accessed, but some restrictions apply.

Fixed

With fixed annuities, the principal investment and earnings are both guaranteed and fixed payments are made for the term of the contract.

Fixed Indexed