Annuities in Michigan & Nationwide
Turn savings into income you can count on in retirement.
Truvant Financial Group in Bloomfield, Michigan helps people use annuities to protect savings and create retirement income. An annuity is a contract with an insurance company that can grow your money and later pay it out as income. Truvant works with clients locally and nationwide.
Annuities come in several types, including fixed and fixed indexed annuities. Depending on the contract, they can offer protection of principal, tax-deferred growth and income options that can last for life.
Annuities also have surrender periods, fees and rules about withdrawals, so they are not right for every dollar. Truvant explains how each option works and how it fits with the rest of your retirement plan before you decide.
Where we offer annuities
- Annuities in Bloomfield Hills, MI
- Annuities in Birmingham, MI
- Annuities in Troy, MI
- Annuities in Royal Oak, MI
- Annuities in Southfield, MI
- Annuities in Rochester Hills, MI
- Annuities in Farmington Hills, MI
- Annuities in Novi, MI
- Annuities in Detroit, MI
- Annuities in Sterling Heights, MI
- Annuities in Ann Arbor, MI
Straight answers
What is an annuity?
An annuity is a contract with an insurance company. You pay in a lump sum or over time, and the contract can grow your money and later pay it back as income.
Can an annuity pay me income for life?
Many annuities offer lifetime income options. What you receive depends on the contract, the amount you put in and when you start income.
Are there fees or penalties?
Many annuities have surrender charges if you withdraw more than allowed during the early years, and some riders carry fees. Truvant reviews these with you up front.