As the number of companies offering their employees pensions continues to diminish, the need to find another source of retirement income increases. While Social Security can provide some of the regular income you need, it may not be enough to allow you to live a comfortable lifestyle in retirement. An annuity can take the place of a pension and guarantee that you will never outlive your money.
Annuities are designed to provide a future stream of income. Generally, they are best suited for people who are planning for retirement or who are already retired. Annuities come in a variety of forms that may help you meet your personal financial goals.
- Deferred annuities
- Immediate annuities
- Index annuities
With dozens of insurance companies offering hundreds of different annuities, how do you know which type of annuity to buy and from whom to buy it? While your financial adviser may have some knowledge of how annuities work, it is unlikely that he or she has the expertise to recommend the perfect annuity for your specific needs. An annuity can be a very complex financial product to fully understand. You need an annuity expert who is trained to understand all of the intricacies of an annuity.
We have the annuity experts who can guide you through the process of buying an annuity. An independent agent can compare annuities and narrow down the top two or three choices. By doing regular annuity reviews of new and existing annuity products, we know which insurance companies are offering the best products and best rates.
It is always important to compare annuity income that can be generated by the different types of annuities. For instance, you may be able to generate a higher monthly income if you opt for a deferred indexed annuity as opposed to one that pays a fixed rate of return.
We are always here to help you find the annuity that is right for you. You can get a good idea of the income you may be able to generate with an annuity by getting an annuity quote. To get started, just click on the orange button on the right for a free, no-obligation quote.