Annuities
Protection Benefits
Guaranteed* Income Protection With An Annuity
A fixed indexed annuity (FIA) offers some significant advantages that other options may not. First and foremost, an FIA allows you to earn guaranteed* income for life. Unlike stock market-based accounts, which might lose value as the market falls, an FIA protects your principal amount regardless of market conditions. So, if safety is one of your top priorities when saving for retirement, you may be interested in this option. Or, are you concerned about the possibility of outliving your retirement savings? An annuity can help with that, because it allows you to earn indexed interest at a reasonable rate.** Furthermore, an FIA provides more benefits, such as specific tax breaks. And if you select an income rider, you may be able to use it to offset inflation.
Reasonable Rate of Return**
There are a set number of years (known as the accumulation stage) during which the money you've put into your FIA increases, tax-deferred, while safeguarded by the issuing insurance company. Your principal is safe even in the event of a market crash. Once this term is completed, you can withdraw the funds (beginning the distribution stage) as guaranteed* income for life.
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FIAs and the Stock Market
An FIA does not directly invest in the stock market. Instead, the insurance company bases your interest rate on the performance of an index. This allows you to earn a reasonable rate of return** when the index is up, while incurring no losses when it is down. If protection, tax benefits, and earning a reasonable rate of return** are your main retirement goals, reach out to us. We can walk you through how this product works and if it could be the right option for you.