Our Home Page Thank you for considering an annuity from Insurance Brokerage Service. We work with a number of different annuity writers in an effort to find the most competitive annuity product for you.
Today there are more annuity choices than ever.
If you are not familiar with what an annuity is and what types of annuities exist, the following information will serve as a brief introduction. In its simplest form, an annuity is an insurance product that, unlike a life insurance policy which pays a guaranteed amount at death, pays a guaranteed amount until an annuitant's death. An annuitant is the beneficiary of the proceeds of an annuity. An immediate annuity is one for which a lump sum is paid with monthly income beginning immediately thereafter. It is most often used in retirement planning to provide a guaranteed income for the retirement years, although it is also used at times in court settlements to provide a plaintiff with a lifetime income because of some injury or loss they have incurred.