If you are just starting your retirement planning journey, you have probably asked yourself: What exactly is an annuity, and what does it actually do? At its core, the answer is incredibly simple, but modern contracts have evolved to offer so much more!

In this quick video, Shawn Plummer from The Annuity Expert breaks down the basic, fundamental function of an annuity: to provide you with a contractually guaranteed stream of income for a fixed period of time, or for the rest of your life.

However, Shawn also explains how modern annuities go far beyond just lifetime income. You will learn how these financial tools are now used to secure premium sign-on bonuses, capture tax-deferred growth, completely avoid probate, generate higher fixed interest rates than traditional bank CDs, and even help pay for Long-Term Care!

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