;)
Fixed Annuity Features
Posted by admin in Annuity, Fixed Annuities
Fixed annuities vary, but generally feature the following:
- Single Premium — One up-front payment and that’s it. Future investments require purchase of a new annuity.
- Flexible Premium – A series of minimum payments that accumulate and gain interest on an annual basis.
- Guaranteed Rate — Contract locks in a fixed interest rate for a set number of years, like a CD.
- Very Low Risk — Money can only be lost if the insurance company becomes insolvent and your investment exceeds Annuity State Guaranty Limits.
- Retirement Income — Ideal source of secure monthly retirement checks. Retire with piece of mind and steady growth.
- Interest — Solid returns for essentially no-risk investment. Better than CDs, especially at longer terms.
- Lifetime Income — An optional lifetime provision guarantees paychecks for life. No worries about outliving your retirement savings.
- Fixed Term — Fixed annuities are available for short, medium, or long terms. Longer terms yield higher rates.
- Hassle Free — No micromanagement. Sign the contract, pay the premium, receive paychecks for life.
- Life Insurance — An optional life insurance provision offers death benefits to loved ones. Save money by foregoing a separate life policy.
- Unlimited Contributions — Invest as much as you want, buy as many annuities as you like. Unlike a 401(k) or IRA.
- Inheritance — Pass money to loved ones probate-free. Avoid estate/death taxes.
- Inflation Hedge — Beat inflation and then some. CDs and money market accounts barely cover CPI.
- Tax-Free Gifts — Gift per individual, per year, tax-free. Gift money to an unlimited number of individuals.
;)
