Annuities
Leverage Insurance provides annuity products, as well as other protection planning solutions to individuals in Florida that are seeking a customized approach and personal touch for their retirement income needs.
Annuities, Fixed, Indexed Variable?
What Are Indexed Annuities?
Many people have heard about insurance annuity products, but what are indexed annuities? Are these insurance products any different than other traditional annuity products? Are there advantages or disadvantages with an indexed annuity compared to a variable annuity product?
Annuities to Protect Your Future
An annuity is a financial product which invests funds from individuals and makes regular payments to you either immediately or at some point in the future. You can purchase an annuity to help grow your savings, protect them, or provide you with guaranteed income, tax deferred. Many people use annuities as a way of providing for an improved lifestyle and quality of life in retirement.
Annuities are typically purchased while developing a long-tern financial plan and have several product options. Having the right coverage options under your retirement plan is also crucial so you don’t fall into the trap of outliving your income. What could be worse than the feeling of running out of income while you are retired?
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Find Out More About Annuities
Get Your Customized Protection Plan
Contact us today to learn more about how a customized Protection Plan can ease your mind and let you feel secure about your future. Complete the form below.
Customize Your Needs
Types of Annuities
There are several options to choose from when if comes to annuities like, fixed, variable, and indexed, being the main types. Annuities can then have further details such as if the payments would begin immediately or if they would be deferred. One of the best things about annuities are that in many cases they can be customized to fit your needs.
At Leverage Insurance, we can help to see if an annuity is a good fit for you. If an annuity seems like a good option for your financial future, one of our agents would be happy to assist you and customize a plan that fits your needs. You can read more about annuities below, or click the link to get more personalized information.
Fixed Annuity
A fixed annuity has a set rate of return, sometimes called the annuitization.
The amount you receive will depend on the amount you invested and the interest rate at which you purchased the product.
While other investments might have the potential for high gains or drastic drops, a fixed annuity is steady.
Just remember to watch if your annuity has a reset after an agreed upon number of years.
Variable Annuity
A variable annuity offers a return that is based on the performance of the underlying investments.
These can include stocks, bonds, and other securities. Variable annuities in many cases have a higher risk than fixed annuities, but may also offer higher rates of return. Additionally, variable annuities typically have a guaranteed minimum rate called the “guaranteed interest rate”.
This type of product may also have flexible options such as choosing among various funds with different types of risk for their investments or even to create your own personalized fund portfolio.
Indexed Annuity
An indexed annuity (also know as an equity indexed annuity) is a variable annuity that will typically pay interest based on the performance of a pre-determined index or stock market index (e.g., S&P 500). In general, this type of product contains aspects of a fixed annuity and variable annuity. Some people think of this as a nice balance between the potential risks and rewards.
Indexed Annuities can also be purchased to generate a guaranteed lifetime income stream for yourself or your spouse. If this is your intention, it’s important to know whether the payments would come under a “single life basis” or if they are “joint and last survivor”.
Looking For More Information?
Find Out More About Annuities
Get Your Customized Protection Plan
Contact us today to learn more about how a customized Protection Plan can ease your mind and let you feel secure about your future. Complete the form below.
What is Your Situation.
Investment Considerations
Although annuities can be a sound investment for many individuals, you should always consider what your personal situation is first. What are the things that you require later in life? What type of cash flow are you looking for in retirement? These items, and many more should be carefully thought through to see if this type of product fits your situation best.
If you would like any assistance to see if an annuity is a good choice for you, feel free to contact us. At Leverage Insurance, we are here to help you in any way that we can.
If you would like any assistance to see if annuity is a good choice for you, feel free to contact us. At Leverage Insurance, we are here to help you in any way that we can.