“Financial Security Doesn’t Just Happen. You Plan It To Happen. Discover How Annuities Can Help Solidify That Plan”
Annuities are an excellent tool to help you plan for your financial security. Annuities offer a variety of benefits including tax-deferred growth, ability to avoid probate, and lifetime income.
Four Reasons to Consider an Annuity
Tax-deferred growth allows your money to grow faster as you earn interest on funds that would otherwise be paid as taxes. Your principal earns interest, the interest compounds within the contract, and the money you would have paid in taxes earns interest.
Creditor and Divorce Proof
Since an annuity is a contract between yourself and the insurance company, it is generally creditor proof.
May Avoid Probate
Annuities offer the ability to name a beneficiary which may minimize the expense, delays, and publicity that comes with probate. Your named beneficiary may receive death proceeds as either a lump sum or monthly income.
Annuities can provide a guaranteed income stream with the purchase of a tax-deferred contract. You have the ability to choose from several different income options including lifetime payments or for a specific period. With non-qualified plans, a portion of each income payment represents a return of premium that is not taxable thus reducing your tax liability.