Annuities we offer are:
Fixed Index Annuities (FIA)
Reasons you may need one of these Annuity:
Typically, one would purchase a Fixed (Index) Annuity after they have maxed out other tax advantage retirement accounts such as 401(k) plans and IRA’s. There are other reasons to purchase one of these annuities though, such as…
The stock market freaks you out!
You are tired of seeing your investments rise and fall.
You will know how much interest you are going to make.
You want a guaranteed and predictable income.
Now if you still want to participate in the market but on a “safer” level the Fixed Index Annuity (FIA) would be perfect for you. A FIA is a Fixed Annuity that typically provides the contract owner with an investment return. With a FIA you will not lose money, we say ZERO is your HERO! FIA’s you are able to gain money if the market is up but when the market drops the lowest you will ever go is to ZERO, meaning you will not lose a penny!
If the FIA is still scary to you or you just prefer the more conservative route, that’s not a problem. The best type of annuity for you would be a Fixed Annuity. With the Fixed Annuity you will not be in the market at all and will have a guaranteed interest rate, this rate will depend on the company you decide to go with that meets your needs.
If you have five to ten years before you actually need to draw income, income riders are a viable option for those who want to avoid the market and want to have a guaranteed income stream at retirement. With the income account increasing each year for each year you are not touching it, this could be a huge benefit for someone who has a big chunk of money that can invest it and sit on it for a few years.