Understanding Annuities
Understanding Fixed Annuities
Annuities are often used as retirement savings vehicles. You pay a sum of money that is invested, and, in return, the life insurance company makes specified payments to you or your beneficiaries. Unlike money placed in a savings account, the money invested in a fixed annuity grows on a tax-deferred basis, which allows your money to grow at a faster rate.
Why Save Now for Retirement?
- You can expect to live longer
- Inflation impacts future financial needs
- Health care costs are expected to continue to rise
- Housing costs will also increase
- Future of Social Security is uncertain
Retirement Savings Options
With Sentry's Payback Annuity, you can enhance your retirement with flexible contributions, a flexible retirement date and a guaranteed lifetime of income at retirement.
In addition to annuities, Sentry also offers other retirement savings options, including non-qualified, IRAs and Roth IRAs.
Let a Sentry sales representative help you plan for your retirement with the Sentry's Payback Annuity.
