Annuity 

An annuity serves the purpose of offering a consistent and reliable income stream, particularly aimed at supporting individuals during their retirement years. Numerous features of an annuity can be customized to align with the specific requirements of the purchaser. Furthermore, the duration of the disbursements can be flexibly determined. You have the option to receive payments for a designated period, such as 25 years, or for the entirety of your lifetime. While opting for lifelong payments may result in smaller individual checks, it provides the invaluable reassurance of financial security throughout your lifetime, mitigating the risk of outliving your assets.