An annuity is a contract between you and an insurance company in which you make a lump sum payment or series of payments and in return obtain regular disbursements beginning either immediately or at some point in the future. The goal of annuities is to provide a steady stream of income during retirement.
Annuities are an excellent way to grow and protect one’s assets
There many variations of an annuity. The growth is based on one’s risk tolerance. Depending on one’s goals, growth is accumulated with a fixed interest rate, a variable rate or a combination of both. The decision as to what type of annuity one chooses is based on one’s risk tolerance. As risk tolerance and goals differ for each individual, it is very important to identify an individual’s goals accurately.
Before we recommend a type of annuity, we spend considerable time with our clients to know and understand what is most important to them. Whether an individual’s goal is growth, protection of initial investment or a combination of both, we have the expertise to tailor a program to meet those needs.
We represent some of the largest insurers in the country. These companies have a full array of products that we utilize to help or clients meet their financial goals.