Just one of the many retirement income options available, annuities are primarily used as a means of securing to a steady cash flow for an individual during their retirement years. They are designed to accept and grow funds from an individual and then, pay out a stream of payments to the individual at a future point in time.

The size of the payment amount is determined by using the payment frequency, the original investment, the prevailing rate of interest, the type of annuity option and the duration of the annuity.

Annuities are only offered through Life Insurance companies.

Let one of our advisors show you how an annuity would compliment your retirement strategies.