Fixed index annuities are a solution that makes sense for many of our Florida clients who want to generate income for their retirement years. With indexed annuities annuities, many of our clients have been able to get closer to financial stability.
But with so many choices, it's crucial to choose the best carrier and product. The staff at Grace Advisory is here to simplify this process by helping Southwest Florida clients with life insurance, annuities, and other financial products.
Think for a minute about a secure retirement and what you would do with this type of flexibility. This isn’t impossible. You can attain this type of life and Grace Advisory can help make it a reality.
What Are Fixed Index Annuities?
Before we describe fixed index annuities, let’s review the basics of annuities. Basically, there are four types of annuities: immediate, fixed, variable and fixed index. All annuities are an insurance contract between an individual and a financial institution. The individual pays a premium that will, at a predetermined time, be returned back to the individual as incremental payments or as a lump sum. In most cases, any principal paid into an annuity is tax deferred.
So what are a few of the differences with fixed index annuities? This type of annuity accumulated interest based on the performance of a specific financial index, such as Nasdaq or the S&P 500. With a flexible interest rate, there is more risk with this annuity, along with greater potential for more growth opportunities. Most types of financial vehicles meant for retirement pay back the premium plus a small amount of interest. Fixed index annuities have the potential to earn a higher, market-linked interest rate with less exposure to risks associated with the stock market because although an external index or indexes may affect policy values, the policy does not directly participate in any stock or equity investments.
ADVANTAGES OF INDEXED ANNUITIES
- Upside growth potential
- Guaranteed principal protection
- The power of tax deferral
- Lifetime income
- Beneficiary protection
Want to learn more?
Talk to one of our knowledgeable financial professionals. We will be happy to discuss your financial situation and retirement goals to determine if one of these products would be a suitable choice for you.
Call us today at 866-481-5550 to set up your appointment.
Toll Free: 866-481-5550
Fax: (239) 481-5545