What are Annuities?
Annuities are a type of financial product that can help you save for retirement and provide you with a steady stream of guaranteed income payments. Payments can be set up to last for a specific number of years or the rest of your life. Payments can also start immediately or at a future date. An annuity is a contract with an Insurance Company and can only be purchased through a licensed Insurance professional.
Annuities address 2 of the biggest concerns retirees have:
Problem: How can I make sure I don’t run out of money during retirement?
Solution: Annuities allow you to receive a Monthly Lifetime Check for you and your spouse if married under the spousal continuation program.
Problem: Stock market downturns can be financially devastating.
Solution: Annuities are NEVER invested in the stock market and your funds are always *protected against loss.
*Annuities are protected against loss by the claims paying ability of the Insurance Company are not FDIC insured. Stocks, bonds, mutual funds, and variable accounts are also not FDIC insured.
What are Bonus Indexed Annuities?
Some of the top A+ rated Insurance Companies offer bonuses of up to 10% upon opening a Bonus Index Annuity account. This is one of the most popular products for IRA and 401k Rollovers. For example if you’ve saved $300,000 in your 401k or IRA and implement a 401k Rollover to a Bonus Indexed Annuity, your beginning balance would be $330,000.
A Great way to Turbo Charge your account!
Monthly lifetime distributions or withdrawals up to 10% of your account value (which includes the bonus) are available after only 1 contract year. Bonus annuities are long term investments and are not liquid. Withdrawals over 10% per contract year will incur surrender charges which vary by state, age, and product. Bonus Indexed Annuities have No CHARGES OR FEES other than an optional income rider.
The Downside Protection of Indexed Annuities Give our Clients … Financial Peace of Mind.
20 Year Historical Example
The chart below compares three values
Annual changes to the S&P 500 Index
Index annuity value changes for a 1 year point to point with a 5% cap
Minimum Guaranteed Surrender Value
An index annuity offers returns linked to the performance of an underlying index. When the index rises, owners earn a portion of the gain – and when the index falls, the value is protected. That’s because once an index credit is added to an annuity contract’s value, in can NOT be taken away.