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Annuities
Guaranteed income for life. Annuities provide financial stability and
peace of mind throughout retirement.
peace of mind throughout retirement.
What is Annuities?
Annuities are financial products offered by insurance companies that provide guaranteed income payments, either immediately or at a future date. They are designed to address the risk of outliving your savings. Whether you choose a fixed annuity for guaranteed returns, an indexed annuity for market-linked growth with downside protection, or an immediate annuity for instant income, annuities are a powerful tool for building a secure and predictable retirement.
“Create a guaranteed income stream for life.”
Why Choose Us
- Most affordable life insurance option available
- Coverage terms of 10, 20, or 30 years
- Level premiums that stay the same throughout the term
- High coverage amounts at low monthly costs
- Convertible to permanent insurance without a medical exam
- Ideal for mortgage protection and income replacement
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perfect coverage for your needs.
perfect coverage for your needs.
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Annuities
An annuity can help secure a stream of payments to use as a form of retirement income. When you purchase an annuity, you may get tax breaks or be able to receive income at regular intervals in exchange for a one-time lump sum payment to an insurance company.
Types of Annuities
There are three main types of annuities:
- Fixed annuities pay a guaranteed amount during each payment period. Fixed immediate annuities start paying right away, while fixed deferred annuities start paying at some pre-determined point in the future. In general, fixed annuities have a moderate rate of return.
- Variable annuities allow the account owner to choose from a menu of mutual funds and can produce a higher return. Payments are based on the performance of the mutual funds. There is some risk associated with variable annuities.
- Indexed annuities generally provide a higher return than fixed annuities but are less risky than variable annuities. There’s a guaranteed minimum payout, and a portion of the interest earned is tied to a market index, such as the S&P 500.
The amount of money you receive from an annuity is based on the type of account you choose, the insurer’s terms and the amount of money you invest.
The best way to determine how much income your annuity investment may generate is to get an individualized quote from your insurance agent.
How to Purchase Annuities
An annuity may help you reach your income goals in retirement by creating income that you can’t outlive. Unlock Affordable Hope can help you understand your options so you can start investing right away.