Annuities and Life Insurance Investment
What is an Annuity?
An annuity is a series of payments that acts similarly to a savings plan to provide primary or supplementary retirement income. An insurance company pays annuity benefits while you are alive (except for fixed-period annuities).
You can convert some life insurance policies into annuities by taking the cash value of the insurance policy and buying the annuity contract that best suits your needs.
An annuity also has a tax advantage. For example, a deferred annuity accumulates tax-deferred interest until you withdraw the funds.
Fixed or Variable?
A fixed annuity provides fixed-dollar income payments backed by the guarantees in the contract. You cannot lose your investment once your income payments begin. The amount of those payments will not change. With fixed annuities, the company bears the investment risk.
Equity Indexed Annuities
These are a form of annuity, either immediate or deferred, that earns interest or provides benefits that are linked to an external equity index, such as Standard and Poor’s 500 Composite Stock Price Index. When you purchase an equity-indexed annuity, you own an insurance contract—not shares of any stock or index.
Variable annuity investments are securities, and fluctuate with economic conditions. The value of a variable annuity depends upon the value of the underlying investment portfolios associated with the annuity. You, the owner or annuitant, bear the investment risk for the value of the security. The value of the annuity will increase or decrease with the investment performance of the security. The annuity’s value will decrease, however, with a poor investment performance. In fact, you can lose your investment!
Knowing what coverage you have is most important! This will allow you to plan your future!
• Accidental Life (Pays accidental death ONLY!)
• Term Life (Usually goes up over time)
• Universal Life (NEEDS TO BE REVIEWED YEARLY)
• Whole Life (Rates never increase)
Be sure to check your beneficiaries.
For a no cost, no obligation review, contact us today! (352) 794-3212
At Golden Years, we provide a wide array of services, beginning with a thorough analysis of your current policies, investments, and financial goals.
We offer retirement planning and legacy planning to families with members nearing or already enjoying retirement. Call us today and secure your future.
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Ultimate Health Plans
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1 (800) 607-2877
PO Box 30769 | Salt Lake City, UT 84130-0769
About Golden Years
Local, Independent, Trusted: As one of the fastest growing insurance groups in Florida, Golden Years is able to provide our clients with the latest and greatest of what the insurance industry has to offer and much, much more. We are a full-service, one-stop group affiliated with over 100 of the top insurance companies in the country. At Golden Years, we provide a wide array of services, beginning with a thorough analysis of your current policies, investments, and financial goals.