Has it ever crossed your mind that one day you might outlive your income?
So what happens?
Stop worrying and invest in an annuity. People who invest in annuities set the stage to earn income after retirement or based on the terms of the policy, limitations and conditions.
An annuity is usually a long-term contract that individuals purchase from insurance companies.
This type of policy is designed to help clients to accumulate assets that will offer them income after they retire from work.
It is important to understand that annuities have significant limitations and that early withdrawals may attract penalties. Additionally, the earnings are taxable just like any other ordinary income. Usually early withdrawals may attract a federal tax of up to 10 percent.
You do not have to worry about outliving your income when you have an annuity. To acquire an annuity, one must purchase payments (premiums) that are converted into periodic payments.
Before you purchase an annuity, make sure that review the wide range of annuities offered by Curiman Brokers Group and select one you can afford without having to strain.
With us, you can choose to invest over a specific period of time or a lump sum. You will also decide whether you want to begin receiving payments immediately or at a later date.
The rates of return may be fixed, indexed or variable. Investing in an annuity involves minor risks and so you need to be careful before you lose value.
When you purchase a variable annuity, you will earn returns depending on the performance of the investments you chose.
The investments provide different risk levels as well as potential growth. Based on your investment objects and how you tolerate the risks, you can select an investment of your choice. A prospectus is used to sell variable annuities.
Always ensure that you have read the prospectus carefully an understood the investment goals, risks and expenses before you invest.
Immediate annuities are purchased with lump sums. Guaranteed incomes also begin immediately. Ones investment is converted into an income stream that is guaranteed and irrevocable.
Some immediate annuities allow you to access funds while others restrict access. You may also choose to purchase a fixed annuity in which both the earnings and principle investments are guaranteed.
You will need to make fixed payments based on the terms and conditions of the policy. A fixed indexed annuity refers to a special class in which returns are yielded depending on the specified indexed based on equity.
The returns may also depend on the changes in security index. This type of annuity also provides a particular minimum amount below which the value of the contract cannot fall regardless of the performance of the index.
Curiman Brokers Group also offers annuity death benefits that will cater for the future needs of the ones you love.
You only need to designate your beneficiaries and let us help you secure the future of those who mean the most to you.