Daniel Chung of Mass Mutual was back with us on May 11th with more great information for listeners.
During this segment, Daniel talked about annuities which are issued by life insurance companies. The purpose of annuities, as Daniel explained, is to guarantee a stream of income for retirement years.
Daniel let us know that 63% of American’s are dependent on Social Security income during retirement years and most of the time that money is just not enough to cover monthly living expenses. This is why annuities are a great way to guarantee supplemental income for your golden years.
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