Benefits of Having an Annuity
Annuities are free from any market risk
Simply, you cannot lose money in a FIXED annuity (this is not true of variable annuities and we do NOT offer those).
No sales charges or commission deduction
Our agency is paid by the company you chose to work with. These fees are not directly charged to you or deducted from your account.
You do not owe taxes on the interest earned until you actually withdraw that money.
Guaranteed Rate of Return
Your interest rate is contractually guaranteed for the term of the contract. On indexed products you can also take advantage of the market upswing while protecting your principal from the market downturns (pretty attractive strategy right now in our current economic environment).
Annuities Avoid Probate
Your account value goes directly to your beneficiary.
Create a Stream of Income
The Annuity is the only product that has the option (if you chose) to create an income stream that cannot be outlived. This is an important factor to people who are concerned about outliving their assets.
There are many ways to access your money: Monthly/annual interest payments, 10% penalty free withdrawals yearly, many policies have riders allowing early access to money for nursing home care or terminal illness.