Senior Benefits Plus
Providing Seniors With The Best Coverage Solutions
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Deferred Annuities
Deferred Annuities
Plan Now for Future Financial Security
Deferred annuities are a powerful tool for long-term financial planning, offering the chance to grow your savings tax-deferred while preparing for a reliable income in the future. Whether you’re planning for retirement or simply looking for a way to secure your financial future, deferred annuities provide flexibility and customization to fit your unique needs.
How Deferred Annuities Work:
Accumulation Phase: During this phase, your money grows over time. Contributions can be made as a single lump sum or through regular payments. The key benefit is tax-deferred growth, meaning you don’t pay taxes on earnings until you withdraw them.
Payout Phase: Income payments begin at a future date you select. Payments can be structured for your lifetime, a set number of years, or other tailored options, ensuring financial security when you need it most.
Types of Deferred Annuities:
Fixed Deferred Annuities: Provide guaranteed growth at a set interest rate, offering stability and predictability.
Variable Deferred Annuities: Allow you to invest in market-based options, offering growth potential tied to investment performance.
Indexed Deferred Annuities: Link your returns to the performance of a market index, combining growth potential with protection against market losses.
Why Choose a Deferred Annuity?
Deferred annuities are ideal for anyone looking to grow their savings over time while planning for future income. They’re especially popular for retirement planning, offering flexibility, security, and the potential to supplement other income sources like Social Security.
Let us help you explore how a deferred annuity can fit into your financial plan and provide peace of mind for the years ahead.