Annuities

Annuities are sometimes referred to as "personal pensions" and are usually sold as a retirement benefit. An annuity is a contract between you and an insurance company under which you make a lump-sum payment or a series of payments. In return, the insurer agrees to make periodic payments to you beginning on a specified date. Annuities typically offer a way to grow earnings on a tax-deferred basis.

Annuities are a conservative retirement investment option and a way to create a guaranteed source of income during retirement. Annuities can protect senior citizens from the financial risk of outliving their retirement savings. Due to recent market losses that many people have experienced in their 401(k) and IRA plans, annuities are becoming more popular.

Answers To Questions About Annuities

There are two basic types of annuities: fixed annuities and variable annuities. Fixed annuities guarantee a set amount to be paid out each month. With a variable annuity, the payments fluctuate depending on the performance of the annuity holder's investments. Fixed annuities are safer, however, the payments paid out to the holder do not typically increase to account for inflation. Variable annuities allow the potential for higher payouts, but also carry more risk. The experts at Bottom Line Insurance Consultants can help you decide which is right for you.

Personal Pensions

There are many different factors to be considered before deciding if an annuity is a good retirement option for you. Due to the complexity of annuities, we recommend that you speak with a licensed insurance professional before purchasing such a product. The knowledgeable and friendly agents at Bottom Line Insurance Consultants are well versed in annuities and can help you determine if this type of insurance is right for you. Additionally, we can help you purchase annuities at the best price. Since we are paid directly by the insurance companies, we can offer you this service at no additional charge to you.

If you are interested in getting more information regarding annuities, please contact the Annuities Consultants at Bottom Line Insurance Consultants today. We look forward to helping you plan for your future.

Annuities | Answers To Questions About Annuities | Personal Pensions | Tax-Deferred

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