Annuities:
Protection Benefits
Protection and Income For Life With a Fixed Indexed Annuity
If you’re worried about running out of money during retirement, you’re far from the only one. Many retirees and pre-retirees share this worry. Thankfully, purchasing annuity may be able to help relieve this concern. Annuities are not all the same; they come in different types, and some are less reliable than others. Because of this, you may have heard that annuities are bad. However, with the appropriate type of annuity contract, you may be able to protect your money while also securing guaranteed* income for life.
A fixed indexed annuity (FIA) is a contract between a person and an insurance company. An FIA can help you save money for retirement while ensuring guaranteed* income protection and achieving a reasonable rate of return.** So, how does an FIA work? First, you enter a contract with an insurance company and contribute a set amount of money. After some time has passed and your money has had a chance to grow, you can begin receiving regular payments. The rules for when you can start receiving payments and how much money you can withdraw at once can vary based on your specific contract. When considering retirement options, it is critical to conduct thorough research. Knowledge is power when making financial decisions. Could a fixed indexed annuity be the right option for you? Contact us to get informed and find out.
Flexible Guaranteed* Income
As you approach retirement, your priorities are likely to shift. For example, your risk tolerance may alter. Many people become more concerned about safety as they age, because the closer you approach to retirement, the less time you have to recoup losses: you’re going to need your retirement savings soon. It will be the only money you have to rely on, so keeping it protected is crucial. An FIA is a reliable way to protect* a large sum of your money while generating a reasonable rate of return**.
If you wish to learn more about these products and how they can benefit you by securing guaranteed* income for life, please contact us. We can set up a one-on-one meeting to address your individual questions and concerns for retirement.