Annuities can be one of the best options for those who want to ensure they have sufficient retirement income. These policies offer a rate of return based on the performance of the stock market, allowing the policy owners to enjoy the upsides of the stock market without risking the loss of the principal you put in plus any interest earned. Most of these policies provide a guaranteed lifetime income stream that ensures you never run out of money in your retirement.
Benefits of Indexed Annuity PoliciesThe benefit of these policies includes:
- The potential for a higher rate of return on the invested funds.
- Protects the principal investment.
- Increases in value, tax-deferred.
- Guarantees income, whether monthly or lump-sum payout for retirement.
- Customizable to match individual needs.
- A death benefit provision that allows the policy owner to designate a beneficiary to receive the remaining funds in the account or a guaranteed minimum.
- An indexed annuity may be a smart investment for investors who are interested in achieving some advantage for market growth without the risk of losing the original investment.
Annuities are designed to help you save for your retirement and provide you with income when you retire. They offer several benefits, including:
- Tax-deferred growth potential
- Protection from market downturns, which is helpful in keeping up with rising medical costs and inflation
- Flexible income options
- Joint-life payout for both you and your spouse during retirement
- Death benefit for your beneficiaries (or a cause or charity you believe in)
Fixed annuities can be immediate or deferred. Deferred fixed annuities accumulate interest at a regular rate, while immediate fixed annuities make fixed payments during your retirement, with amounts determined by your age and the value of the annuity. Fees for fixed annuities vary, depending on type and amount, and the costs involved may be difficult for a person to understand without assistance from a professional. If you are considering a fixed annuity to improve the quality of your retirement, Wealth Engineering's local agents can help find the right insurance product for you and your spouse.
Annuities can be one of the best options for those who want to ensure they have sufficient retirement income. These policies offer a fixed rate of return based on the performance of a specific financial market, allowing the policy owners to enjoy the upsides of the stock market without risking the loss of the original investment.These policies are tied to a specific market index, such as the S&P 500, with a rate cap on potential earnings and a guaranteed minimum return. Most of these policies provide a guarantee that the original investment will not be lost, even when the market goes down.
Benefits of Indexed Annuity Policies include:
- The potential for a higher rate of return on the invested funds.
- Protects the principal investment.
- Increases in value, tax-deferred.
- Guarantees income, whether monthly or lump-sum payout for retirement.
- Customizable to match individual needs.
- A death benefit provision that allows the policy owner to designate a beneficiary to receive the remaining funds in the account or a guaranteed minimum.
- An indexed annuity may be a smart investment for investors who are interested in achieving some advantage for market growth without the risk of losing the original investment.
This type of policy lasts for a certain number of years, typically 5 to 30. A term life insurance policy only pays death benefits if the person dies within the policy period. It is a means to ensure that funds for specific purposes, such as college tuition, debts owed, or the mortgage on your home, are covered in case you die during a finite time frame.
Annuities are designed to help you save for your retirement and provide you with income when you retire. They offer several benefits, including:
- Tax-deferred growth potential
- Protection from market downturns, which is helpful in keeping up with rising medical costs and inflation
- Flexible income options
- Joint-life payout for both you and your spouse during retirement
- Death benefit for your beneficiaries (or a cause or charity you believe in)
Fixed annuities can be immediate or deferred. Deferred fixed annuities accumulate interest at a regular rate, while immediate fixed annuities make fixed payments during your retirement, with amounts determined by your age and the value of the annuity. Fees for fixed annuities vary, depending on type and amount, and the costs involved may be difficult for a person to understand without assistance from a professional. If you are considering a fixed annuity to improve the quality of your retirement, our agent at Electrify Financial Group in Miramar, Florida, can help find the right insurance product for you and your spouse.
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