04 Jan Annuity
An annuity is a kind of approach issued by an insurance agency intended to acknowledge and develop reserves, and upon annuitization, make a surge of salary or installments. The cash you pay in can be either a single amount or various installments. These commitments for the most part gain a rate of return, by and large duty conceded.
An annuity is a long term investment that is issued by an insurance company designed to help protect you from the risk of outliving your income. Through annuitization, your purchase payments (what you contribute) are converted into periodic payments that can last for life.
Nationwide’s annuities are flexible so you can choose one that enables you to:
- 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.