Fixed Annuities May Be Appropriate If You...
Are nearing retirement or are retired (age 55+) | You may be interested in adding to your retirement nest egg. |
Are looking for guarantees | You may like the issuing insurance company’s guarantees of stability of principal and interest. |
Are averse to risk | You may like the conservative features of a Fixed Annuity (stability of principal, interest guarantee, annuitization, etc.). |
Are concerned about taxes | Fixed Annuity earnings are not taxed until withdrawal or surrender. |
Want a fixed return on your money | Fixed Annuities carry a known interest rate, which is reset periodically (annually or other selected guarantee period). |
Reinvest interest, dividends or capital gains | Income from your portfolio is not needed for your living expenses. |
Want emergency access to your money | A certain percentage of the premium or account balance of a Fixed Annuity is typically available free from surrender charges.* |
Wish to minimize estate administration headaches for your loved ones | Named beneficiaries on a fixed annuity contract receive death proceeds without the expense and delay of probate. |
Want a regular source of income | Annuitization offers you lifetime income or other income choices. |
Already have a Fixed Annuity | You are already comfortable with the Annuity product in general and may want another one. |
Is An Annuity Right For Me?
Your Investment Goal | is an Annuity Right? |
---|---|
I need guaranteed income | Yes |
I want to guarantee my principle and interest-earned against any loss | Yes |
Leaving money to my heirs is important | Yes |
I want to share in the gains of the stock market | Yes |
I want tax deferred growth | Yes |
I only want to make a short term investment | No |
I have time to let my interest compound and grow | Yes |
I need immediate monthly income from my investment | Yes |
I want to avoid the risk of the stock market | Yes |
I need immediate liquidity to more than 10% of my balance per year | No |
I want to use this money before I'm 59.5 years old | No |
I need an interest rate better than a bank saving account | Yes |
I'm looking for a high risk for high return product | No |
