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IS AN ANNUITY RIGHT FOR YOU?
Annuities can be a great way to insure a great retirement.
WE KNOW YOU'LL BE ON A FIXED INCOME
ANNUITIES
Financial planning for the future is important. There are so many decisions that need to be made and they all can have big impacts on your financial situation in the future. If you’re ready to begin making those important decisions, we are here to help. Our team of experienced insurance professionals can help make the process easier and guide you in the right direction.
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There are so many different things that insurance offers. Health benefits, life insurance, and so many other things are within the insurance umbrella. It can be difficult to understand all the different types of insurance and their offerings. We’ll discuss annuities and how they can fit into your financial planning.
WHAT IS AN ANNUITY?
An annuity is a previously decided upon sum of money that the beneficiary receives every month. Some annuities last for the remainder of their lifetime. Annuities exist to take off some of the financial strain that can be a result of aging. Nursing care, hospital bills, and unforeseen medical costs can all come with getting older, so there are insurance options that exist to help offset some of those costs. Purchasing an annuity is one of the best choices you can make for the future. Similar to an investment, purchasing an annuity can greatly increase your financial prospects in the future and guarantee you have access to monetary resources when you need them.
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Annuities act like an investment. Beneficiaries can put money aside when they have a constant stream of income so that when they’re retired they have money set aside already. This is an excellent option for most that can provide peace of mind and financial security.
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Annuities are between an insurance provider and a beneficiary that gives the insurance provider a sum of money. This is a contract that states the beneficiary will receive that money back at a certain point. This ensures that the beneficiary is cared for and they’ll have income even once they’re finished at their job. Putting money aside while you have regular income is one of the best ways to save for the future and make sure you’re planning accordingly.
PLANNING FOR THE FUTURE
Planning for the future is essential and making sure both you and your spouse are provided for is one of the most important components of that. Purchasing insurance can help make this a reality.
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Many look toward the future and wonder about their health situation and which insurance option will be right for them. Medicare is government-provided insurance intended primarily for seniors. Its purpose is to cover medical costs and it provides great financial relief for many people. If you’re concerned about health insurance once you’ve retired, consider Medicare as a viable and affordable option.
WHY PURCHASE AN ANNUTIY?
Purchasing an annuity is an investment in your future. It means that you’ll have access to money that’s set aside once you don’t have an income. Retirement doesn’t have to be financially daunting if you enroll in an annuity that will cover some of those costs. Making provisions for the future can help you feel more peace in the present. Being able to make decisions that will benefit your future self is one of the best parts of insurance and the reason why so many people choose annuities.
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Many are thinking about their spouse when purchasing an annuity. It’s an excellent way to ensure that they’ll be provided for in the event that something medically unexpected occurs to either you or them.
If you’re not sure whether or not an annuity is right for you, let us know. You can make an appointment to speak with one of our professionals and discuss your choices. Learning more about annuities can help you decide not only if they’re the right choice, but what financial decisions you’d like to make for the future.
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We understand that insurance decisions are hard. Many options are asking you to think about challenging situations, so our company is dedicated to ensuring that each of our employees is compassionate and understanding. We prioritize all of our clients and dedicate our time to making sure their insurance needs are being met.
WHAT TO KEEP IN MIND
Purchasing an annuity is a big decision, so there are a few things to keep in mind. It is essential that you understand all the terms of the annuity. This is necessary so that you understand where your money is going and can plan for the future accordingly. Being able to rely on the promise of the annuity will be important when thinking about budgets and saving in the future.
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It’s also important to understand the fine print of the annuity because there may be something you need to do. For instance, you may need to meet certain financial qualifications to still be eligible for certain types of annuities.
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As with all insurance decisions, it’s essential that you research and learn about all the options available. Being knowledgeable about insurance types is helpful and will come in handy when speaking with an insurance agent. Having some background knowledge when walking into an appointment can speed along the process and allow for a deeper, informed conversation about your insurance needs.
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Working with an insurance provider you trust is one of the most valuable gifts you can give yourself. When selecting an insurance provider, take time to understand the company and their mission. You’ll be working with them for a long time and entrusting them with a large sum of money, so make sure that you trust the people within the company and feel completely comfortable with your agreement.
WHEN DO ANNUITIES PAY?
Purchasing an annuity is a big decision, so there are a few things to keep in mind. It is essential that you understand all the terms of the annuity. This is necessary so that you understand where your money is going and can plan for the future accordingly. Being able to rely on the promise of the annuity will be important when thinking about budgets and saving in the future.
​
It’s also important to understand the fine print of the annuity because there may be something you need to do. For instance, you may need to meet certain financial qualifications to still be eligible for certain types of annuities.
​
As with all insurance decisions, it’s essential that you research and learn about all the options available. Being knowledgeable about insurance types is helpful and will come in handy when speaking with an insurance agent. Having some background knowledge when walking into an appointment can speed along the process and allow for a deeper, informed conversation about your insurance needs.
​
Working with an insurance provider you trust is one of the most valuable gifts you can give yourself. When selecting an insurance provider, take time to understand the company and their mission. You’ll be working with them for a long time and entrusting them with a large sum of money, so make sure that you trust the people within the company and feel completely comfortable with your agreement.
