Maryland Annuity Insurance

Annuities

Maryland Annuity Insurance

An annuity is essentially an insured investment. Because it’s insured, you are somewhat protected from risks that typically come along with investments. For some, an annuity may be an attractive option in accumulating funds for retirement. Once you are ready to begin withdrawing your retirement money, you may opt to receive it as a lump sum or at certain intervals (i.e. weekly, monthly, etc.) You will be taxed when you begin using it during your retirement.

Common types of Maryland annuity insurance include the following:

  • Deferred Annuity: You build your investment money over time and then begin receiving it once you retire.
  • Immediate Annuity: You get money as soon as you make your investment. This type of annuity is helpful if you are currently ready to retire.

Learn more about Maryland Annuity Insurance today!

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