Did you know that the “concept of annuities dates to ancient Rome, but the first record of annuities in America comes from the Colonial period. In 1759, a company formed to provide a secure retirement for aging Presbyterian ministers and their families. In 1812, the Pennsylvania Company for Insurance on Lives and Granting Annuities received a charter to sell annuities to the public.” I found this week’s article interesting and thought to share this historical information with you because often times we don’t appreciate the longevity of a product that helps enhance our financial wherewithal as our own longevity increases. Call us if you are interested in learning more. We’re always here to help.
Oct 30, 2017