Without question, the top priority for most people when they are saving their money is safety. Annuities offer a unique and attractive blend of safety, growth potential, tax advantages, lifetime income, and liquidity.
If you’ve been thinking about investing in insurance annuities, Americans for Life Financial Services can help. We provide annuity advice to help you determine if the return you’ll get on your investment will help you meet your retirement goals. We can also discuss strategies such as rolling your 401(k) into an annuity or diversifying your portfolio with alternative investments.
Our goal is to help you securely grow your money so that you can retire comfortably. Whether you’ve just entered the workforce or are nearing retirement, we encourage you to meet with us to learn more about our annuity services and other retirement planning strategies. It’s never too early to start growing your retirement income.
Benefits of Investing in Insurance Annuities
By contract, a fixed annuity guarantees that your principal is protected and that you can get it back again, as long as you avoid any penalties for early withdrawal.
Once people are satisfied that their money is safe, the next objective is to have that money grow as fast as possible. The annuity industry invented index annuities precisely so that they could offer even better rates of interest under certain conditions. People want their money to grow quickly, and besides having a high rate of growth, having some sort of tax advantage helps to accomplish that goal.
Some people buy annuities for their tax deferral. Annuities typically offer a variety of options to pay the value of the contract out over time as a guaranteed periodic amount of income. Payment options often include income that is guaranteed to continue for the rest of your life, no matter how long you live.
Most people recognize that liquidity, safety, and growth do not co-exist very well, so if an annuity is going to give you guarantees of safety and the potential for a good rate of growth, there needs to be some sacrifice in liquidity. The good news is that most annuity products build in enough liquidity options to make many customers comfortable.
Meeting with an annuity advisor at Americans for Life Financial Services is the best way to learn more about the pros and cons of an annuity investment strategy. Our firm can help you determine where to put your retirement savings to get the rate of growth and level of security you’re looking for.
Types of Annuities
These investment contracts pay a fixed interest, typically higher than a bank CD. Contract owners can defer income or draw immediately depending on the contract. These types of annuities are popular for those looking for a modest growth with a guaranteed rate of return.
Fixed Indexed Annuity
Like fixed annuities, these contracts have the added benefit of variable rate of return based on a market index. There is typically an offer of guaranteed minimum income and a potential for upside growth while the contact is accumulating interest.
This type of contract is used for those looking for an immediate stream of income. Just like its name suggests, owners of this type of annuity can begin growing an income within one month up to 12 months after the initial premium payment is made. Payments on these contracts can be for a specified period or until death. These annuities are popular among those looking for a guaranteed income.
These contracts offer the same features as an immediate annuity, but the payments are typically delayed for over 12 months after the original contract date. This allows the income value to grow before an income is received from this contract.
Contact Us for Annuity Advice and Services
At Americans for Life Financial Services, we believe you should enjoy your retirement rather than just enduring it. Making smart investment decisions now will help ensure you’re able to maintain a comfortable lifestyle after you leave the workforce.
Let us use our expertise in retirement planning and insurance investments to set you up for success. Contact Americans for Life Financial Services to get annuity advice and learn more about our other retirement planning services. Email firstname.lastname@example.org, fill out the contact form at the bottom of the page, or call (860) 426-2022 to speak with an experienced financial advisor today.