Senior Benefits Plus
Annuities
Annuities
Annuities are financial products designed to provide a steady and reliable income, often used as part of retirement planning. Offered by insurance companies, annuities are a popular choice for seniors and anyone looking to ensure a stable source of income later in life.
With an annuity, you make a payment—either as a lump sum or in installments—and in return, you receive regular income payments. These payments can start immediately or at a future date, depending on the type of annuity you choose.
There are several types of annuities to fit different financial goals:
Fixed Annuities: Provide guaranteed income with a stable interest rate, making them ideal for those who value predictability and security.
Variable Annuities: Offer income based on investment performance, which can provide growth potential but also comes with more risk.
Indexed Annuities: Combine the stability of fixed annuities with growth tied to the performance of a market index, like the S&P 500.
Deferred Annuities: Deferred annuities grow savings tax-deferred during an accumulation phase, with income paid later. Options include fixed, variable, and indexed types, offering security and growth for retirement.
Annuities can be customized to suit your needs, offering options like payments for a set number of years, for your entire life, or even for the lifetimes of both you and a spouse. Some annuities also include features like death benefits or options to access funds in case of emergencies. For seniors, annuities are especially valuable for creating a dependable income during retirement, helping cover everyday expenses or supplementing Social Security. For others, they can be a powerful tool to grow and protect wealth while ensuring financial security in the future. With so many options, choosing the right annuity can feel overwhelming, but we’re here to help. Our team can guide you through your options and help you select the annuity that fits your goals and lifestyle. Let us help you secure peace of mind and a more stable financial future.
Deferred Annuities: Deferred annuities grow savings tax-deferred during an accumulation phase, with income paid later. Options include fixed, variable, and indexed types, offering security and growth for retirement.
Annuities can be customized to suit your needs, offering options like payments for a set number of years, for your entire life, or even for the lifetimes of both you and a spouse. Some annuities also include features like death benefits or options to access funds in case of emergencies. For seniors, annuities are especially valuable for creating a dependable income during retirement, helping cover everyday expenses or supplementing Social Security. For others, they can be a powerful tool to grow and protect wealth while ensuring financial security in the future. With so many options, choosing the right annuity can feel overwhelming, but we’re here to help. Our team can guide you through your options and help you select the annuity that fits your goals and lifestyle. Let us help you secure peace of mind and a more stable financial future.