Annuities can provide an incredible safety net.
Older investors are particularly drawn to annuities as the threat of outliving their money from retirement accounts is a significant risk. Annuities can provide a guaranteed income stream for life, along with guarantee of principal. Think of the annuity as your basement. Laying that foundation will guarantee you have the money to make sure living expenses are met.
In the past, people believed that annuities were for only wealthy individuals or families with a need to either shelter assets or ensure that large amounts of income would be guaranteed. But, alas, insurance companies are successfully marketing annuity products to middle and lower class families who also need to ensure that income continues in retirement. This is especially true as life expectancy for both men and women has increased dramatically over the last 40 years. Annuities are really the only investments that provide options for guaranteed income, a guaranteed return or a guarantee of the Principal.
With so much information, and the uniqueness of everyone situation, it is very important to work with professionals that can meet your specific needs. Our certified licensed experts will take the time needed to fully understand your goals and give you the best options to accomplish them.
As annuities become the preferred way for people to protect and grow their money insurance companies have become more creative with offering products that can meet the varying needs of clients. For more information about your specific situation please contact us and allow one of our experts to give you a no cost consultation.