Comprehensive Insurance Solutions

Annuities

Building a Retirement Strategy

Prudent management of your personal and retirement plan assets, combined with Social Security, may provide enough income for your retirement. Annuities are also a smart way to save for retirement, and they can help ensure that you don’t outlive your assets. Our specialists and tools can help you understand annuities and decide if one is right for you.

What is an Annuity?

An annuity is an investment you can use to either save for retirement or get income in retirement.

If you're Saving for Retirement deferred annuities offer tax-deferred savings, much like a 401k or IRA.

If you want Income in Retirement you can get guaranteed income through an immediate annuity or a deferred annuity with a lifetime withdrawal benefit.

Annuities are insurance products, and the company that issues them is responsible for the guarantees it makes to you.*

When you purchase an annuity, you have several decisions to make. Some things you will need to consider include:

How you want your money invested
Whether you want a fixed or variable rate
How long you want payments to last if you’re looking for income

Always review fees and charges, which can vary widely among different companies, making it necessary to compare costs when shopping for a plan. Annuities can cost more than some other savings plans because you’re paying for the guarantees in your annuity contract.

How to Choose an Annuity

Consider a deferred variable annuity if you:

Are saving for Retirement

Are looking for long-term growth

Want the advantage of tax deferral

Have significant assets to set aside for ten years or more.

Consider a deferred variable annuity with a guaranteed lifetime withdrawal benefit if you:

Want guaranteed lifetime income without losing control of your assets

Want the flexibility to start, stop, or skip withdrawals at any time

Want to benefit in retirement from market upturns while being protected from market downturns

Are aware that there is an additional cost for the withdrawal benefit

Consider a deferred fixed annuity if you:

Are saving for retirement

Want the safety of a guaranteed interest rate

Want the advantage of tax deferral

Have significant assets to set aside for at least five years

Consider an immediate (income) annuity if you:

Are entering into or are in retirement

Want a guaranteed income in retirement

Have a lump sum or direct rollover to convert into an income stream

Are concerned about outliving your assets

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Get In Touch

17703 Gilbert Ave. SE, Tenino, WA, 98589

Contact

Call (248) 707-1975

Hours

Mon – Sat 9:00am – 8:00pm

Sunday – CLOSED

Call 248-707-1975

Email: [email protected]

We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.