Understand the contract.
Then consider the role.
An annuity is an insurance contract that may be used for income or other long-term goals. Learn what to ask before deciding whether one belongs in your plan.
Talk it through with MariamStart with the reason
Be clear about the purpose of the money and when you may need it. Different annuity types have different features, costs and risks.
Ask about access and charges
Review surrender charges, withdrawal limits and any other restrictions before committing funds. Keep emergency access and other household needs in the conversation.
Read every guarantee carefully
Any insurance guarantee depends on the contract’s conditions and the insurer’s ability to meet its obligations. It does not mean every value or future outcome is guaranteed.
Compare with appropriate guidance
Review alternatives and the effect of replacing an existing contract. Licensing requirements differ by product. Confirm Legacy’s authority for the specific service; investment and tax guidance may require other professionals.
Continue learning: NAIC: understanding annuities .
Before your next step.
Are all annuities the same?
No. The type of contract, income features, charges, risks and access to money can differ substantially.
Does an illustration promise my future results?
No. Separate contractual guarantees from hypothetical or non-guaranteed values. Ask what can change and what you must do to maintain any guarantee.
Your next chapter starts with a conversation.
Tell Mariam what matters to you. You don't need to know the name of a policy to begin.