Fixed Indexed Annuities
Downside Protection, Upside Potential.
Learn how to secure your financial future and generate a steady stream of income during retirement.
Guaranteed growth with upside potential.
Fixed Indexed Annuities are insurance products that provide guaranteed growth with a minimum interest rate, while also offering the potential for higher returns based on the performance of a stock market index. FIAs serve as a hybrid between fixed annuities and variable annuities.
What is a fixed indexed annuity?
Watch the video to learn the basics of how FIAs work to guarantee your money grows every year while providing significant upside potential.
Unlock financial stability.
Planning for retirement looks very different today than it did for previous generations. The responsibility of retirement planning has shifted from the employer to the employee, causing many to look for a tool that provides that financial stability that Fixed Indexed Annuities offer.
Growth, no matter what.
When the market goes up, your money grows. When the market goes down... your money grows! It's a win-win situation for those looking for a stress-free, practical way to ensure their retirement savings are always growing, sheltered from the chaos of day-to-day market swings.
Choosing the right fixed indexed annuity.
If you are considering purchasing a fixed indexed annuity, there are several factors you should consider, including the interest rate, surrender charges, fees, and payout options. It's important to do your research and compare different annuities to find the one that best meets your needs.
Fixed indexed annuities can be a good way to secure your financial future and generate a steady stream of income during retirement, but it's important to understand how they work and carefully evaluate the pros and cons before making a decision. Consulting with an expert can also be helpful in determining if a fixed indexed annuity is the right choice for your specific financial goals and needs.
Pros of fixed indexed annuities.
1.Guaranteed minimum interest rate: You are guaranteed to receive a minimum amount of interest, regardless of how the market performs.
2.Tax-deferred growth: Your money grows tax-deferred, meaning you don't have to pay taxes on the earnings until you withdraw them.
3.Protection from market downturns: You are protected from market downturns, as your return is based on a formula that calculates a portion of the index's performance and can never be less than zero.
4.Steady stream of income: You can receive a steady stream of income during the payout phase, either for a set number of years or for the rest of your life.
Cons of fixed indexed annuities.
1.Limited potential for returns: The potential returns are limited compared to variable annuities, as your return is based on a formula that calculates a portion of the index's performance. However, whereas you can lose money in a variable annuity, FIAs are protected from loss.
2.Surrender charges: If you withdraw money from your annuity before a certain period of time (known as the surrender period), you may be subject to surrender charges.
3.Fees: As with any financial product, fixed indexed annuities often come with fees, including administrative fees, mortality and expense fees, and other charges.
See if a fixed indexed annuity is right for you!