An annuity can be a helpful tool to help you plan for financial growth and maintain a stable income. Annuities are most often bought for retirement income. In exchange for your payment of a premium, the insurer gives you a financial contract promising to make a series of periodic benefit payments at regular intervals. These payments generally begin once you retire or pass age 59 1/2.

  • While annuities are typically sold by a life insurance company, annuities are not life insurance and do not provide life insurance protection.
  • They are not savings accounts or savings certificates, and you should not buy an annuity to reach short-term goals.

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Connect with a Towne Insurance agent for more information.

Call: 800-486-4611 or contact us

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Insurance products offered through Towne Insurance, a subsidiary of TowneBank, are not a deposit, not FDIC-Insured, are not guaranteed by TowneBank, not insured by any federal government agency, and may go down in value.