Insurance is a way to protect the things that matter most to you. Did you know that annuities can be thought of as insurance for your income stream in retirement? There are many things near and dear to us now for which we have insurance. If you are currently either owning a house or renting, you need to have home owner’s insurance and/or renter’s insurance. If you own a vehicle, you need to have auto insurance in order to drive the car around. If you’re in your working years, you might have a medical plan or some sort of disability insurance.
In this episode of Money Script Monday, Michael explains how you can use an annuity to create an additional stream of income in retirement similar to a social security or pension plan.
Resources Provided for This Episode
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