Are you looking for a product that can translate your retirement savings into retirement income?

If you are, then an Immediate Annuity may be right for you.

Immediate annuities are contracts between an individual and an insurance company. With an immediate annuity, you exchange a lump-sum of money for a guaranteed income stream. The insurance company takes ownership of your money, and agrees to pay you a set amount of income, for a pre-determined amount of time. That may vary from:

• Five Years
• Ten Years
• Income for Life

Upon exchanging your money, the insurance company will begin paying you income almost immediately.

Annuity contracts contain withdrawal charges, termination provisions, exclusions, limitations, holding periods for which access to the principal is limited and terms for keeping them in force. Guarantees are based on the claims paying ability of the issuer.

To learn more about immediate annuities and how they may help you reach your long-term financial goals, visit any Affinity Bank branch to speak with a Financial Consultant with Investment Services at Affinity Bank.