Founder, Protection From Life, Founder of Protection from Life - Insurance a Better Way
Annuities can be an extremely useful retirement tool. However they are often sold inappropriately.
Fixed annuities are well suited for providing a predictable income stream over an extended period of time. Every case is going to be different. A fixed annuity in combination with social security and other investments can provide a balanced approach to retirement planning. Before you buy any high dollar insurance or annuities you should consult with your advisors.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
An annuity is the only financial instrument that will pay a guaranteed income for the rest of your life. A fixed annuity has an established “guaranteed” rate of interest. There isn’t any risk of losing money in a fixed annuity. Fixed annuities actually pay a “current” rate of interest which is normally higher than the guaranteed rate. There is a tendency for that rate to mirror market conditions and remain competitive. There are many annuities that have been written where the guaranteed rate exceeds the current rate making them exceptionally good investments.
Typically fixed annuities are seen as "good" because there is no risk of losing money. A fixed annuity has a established /guaranteed rate of interest. It is possible for fixed annuities to pay a current rate of interest that is normally higher than the guaranteed rate.This possibility makes a very attractive option to pay a guaranteed income for life...
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Fixed annuities are well suited for providing a predictable income stream over an extended period of time. Every case is going to be different. A fixed annuity in combination with social security and other investments can provide a balanced approach to retirement planning. Before you buy any high dollar insurance or annuities you should consult with your advisors.