Annuities Income for Life

The average lifespan of Americans continues to rise with advances in medical technology and care. For this reason, many Americans are concerned about outliving their retirement savings, especially in light of the volatile market that has adversely affected many individual's 401(K) plans and IRAs. Annuities are a very conservative retirement option that create a guaranteed source of income during retirement, and can protect senior citizens from the financial risk of outliving their retirement savings.

Guaranteed Income for Life

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.

There are two basic types of annuities: fixed annuities and variable annuities. Fixed annuities guarantee a set amount to 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 does not typically increase to account for inflation. Variable annuities allow the potential for higher payouts, but also carry more risk.

What is an Annuity

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 policy. 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 our Annuities Advisors at Bottom Line Insurance Consultants today. We look forward to helping you plan for your future.

Annuities Income for Life | Guaranteed Income for Life | What is an Annuity

Bottom Line recommends that you talk to one of our consultants before applying on any website including ours.   When comparing benefits from each carrier, the benefits aren't always as they appear.  You are making an important decision.  Call for complete policy information before applying. 

There is no added cost when applying through Bottom Line or for consulting with our insurance professionals.  Premiums are the same as buying direct from the insurers and you get ongoing customer service year after year at no added expense to you.