Annuities

ANNUITIES

DO I NEED AN ANNUITY?
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The two primary reasons to have an Annuity are:

*You want to save money tax-deferred for a long-range security goal.

*You want a guaranteed income stream for a certain period of time or for life.

The two primary reasons to have an Annuity are:

*You want to save money tax-deferred for a long-range security goal.

*You want a guaranteed income stream for a certain period of time or for life.

The two primary reasons to have an Annuity are:

*You want to save money tax-deferred for a long-range security goal.

*You want a guaranteed income stream for a certain period of time or for life.

BASIC COMPONENTS OF AN ANNUITY CONTRACT
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There are basically three components to an Annuity:

*The Accumulation phase- The money you put into the annuity earns interest and grow tax-deferred, you won’t owe taxes until you make withdrawals.

*The Payout phase- The insurance company pays income to a designated person and typically have the flexibility to choose how the funds will be paid.

*Rate Of Return- The guaranteed interest rate or chosen allocation term and participation rate.

There are basically three components to an Annuity:

*The Accumulation phase- The money you put into the annuity earns interest and grow tax-deferred, you won’t owe taxes until you make withdrawals.

*The Payout phase- The insurance company pays income to a designated person and typically have the flexibility to choose how the funds will be paid.

*Rate Of Return- The guaranteed interest rate or chosen allocation term and participation rate.

There are basically three components to an Annuity:

*The Accumulation phase- The money you put into the annuity earns interest and grow tax-deferred, you won’t owe taxes until you make withdrawals.

*The Payout phase- The insurance company pays income to a designated person and typically have the flexibility to choose how the funds will be paid.

*Rate Of Return- The guaranteed interest rate or chosen allocation term and participation rate.

ANNUITY PAYMENTS
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There are two common ways Annuity payments are distributed:

*Immediate- Payments begin almost immediately following the premium payment.

*Deferred- When the contract is opened, a term is chosen, which is the number of years until the principal is guaranteed and the surrender period is finished.

There are two common ways Annuity payments are distributed:

*Immediate- Payments begin almost immediately following the premium payment.

*Deferred- When the contract is opened, a term is chosen, which is the number of years until the principal is guaranteed and the surrender period is finished.

There are two common ways Annuity payments are distributed:

*Immediate- Payments begin almost immediately following the premium payment.

*Deferred- When the contract is opened, a term is chosen, which is the number of years until the principal is guaranteed and the surrender period is finished.

IMMEDIATE ANNUITIES
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Single Premium Immediate Annuity- A SPIA is an insurance product that provides the buyer a guaranteed stream of income in exchange for a lump sum of money. The buyer can choose to be paid over a certain period of years or lifetime.

Single Premium Immediate Annuity- A SPIA is an insurance product that provides the buyer a guaranteed stream of income in exchange for a lump sum of money. The buyer can choose to be paid over a certain period of years or lifetime.

Single Premium Immediate Annuity- A SPIA is an insurance product that provides the buyer a guaranteed stream of income in exchange for a lump sum of money. The buyer can choose to be paid over a certain period of years or lifetime.

FIXED ANNUITY
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Fixed Annuity or Multi Year Guaranteed Annuity- A MYGA is an insurance product that promises to pay the buyer a specific guaranteed interest rate on their contribution to the account following the completion of designated accumulation period of the contract.

Fixed Annuity or Multi Year Guaranteed Annuity- A MYGA is an insurance product that promises to pay the buyer a specific guaranteed interest rate on their contribution to the account following the completion of designated accumulation period of the contract.

Fixed Annuity or Multi Year Guaranteed Annuity- A MYGA is an insurance product that promises to pay the buyer a specific guaranteed interest rate on their contribution to the account following the completion of designated accumulation period of the contract.

FIXED INDEXED ANNUITY
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Fixed Indexed Annuity- A FIA is a long-term investment that provides principal protection, guaranteed lifetime income, and the opportunity for growth from a fixed interest rate or interest based on the performance of an external index. Assets are not directly invested in an external index, and interest is tax-deferred.

Fixed Indexed Annuity- A FIA is a long-term investment that provides principal protection, guaranteed lifetime income, and the opportunity for growth from a fixed interest rate or interest based on the performance of an external index. Assets are not directly invested in an external index, and interest is tax-deferred.

Fixed Indexed Annuity- A FIA is a long-term investment that provides principal protection, guaranteed lifetime income, and the opportunity for growth from a fixed interest rate or interest based on the performance of an external index. Assets are not directly invested in an external index, and interest is tax-deferred.

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What is an Annuity?

An annuity is a long-term retirement savings product that can help protect you from outliving your money. It has the potential to grow tax-deferred, have death benefits to protect your beneficiary and optional living benefits to protect your retirement income. You can choose how to fund your annuity, how interest is credited to it and how you take payments from it.

A contract is created when an individual makes a payment (or a series of payments) called premium, which will generally grow at a set rate and in a tax-deferred status. In return for this premium, the insurer guarantees periodic payments back to the individual, either beginning immediately or at some future date. There are many defining options and characteristics of an annuity contract. 

Interest credit can be based on the option to receive the payments as a guaranteed income for life or until the death of the person or persons named in the contract. I welcome the opportunity to meet with you and discuss annuity products designed to help people safely save more by accumulating growth with asset protection.

NOTICE:  Annuities are products of the insurance industry and are not guaranteed by any bank nor insured by FDIC or the NCUA/NCUSIF. They may lose value. Annuities have no bank or credit union guarantee, not a deposit, and not insured by any federal government agency. May only be offered by a licensed insurance agent.

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Questions or Comments

I welcome your questions or comments regarding Annuities.  Thank you!

Contact

brians@socali4niainsurance.com  (951) 204-2745

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