Variable Annuities – Guaranteed Income & Real Growth Potential

A variable annuity offers both protection and real growth potential for your investment. These popular investment vehicles can help you grow your income during retirement. And they can ensure that you never outlive your money.

Below we take a closer look at variable annuities.

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What is a Variable Annuity?

A variable annuity is a contract between you and an insurance carrier in which requires the insurer to make payments to you, either immediately or in the future.  

Different types of variable annuities:

There are two main types of annuities. Immediate and deferred. 

Deferred annuities form through a series of income payments that allow you to build up your investment over time. Deferred annuities delay your annuity benefits into the future until you complete all your annuity premium payments.

Immediate annuities form through a single, one-time lump-sum premium payment. Those who can afford to do so will enjoy all the benefits of the annuity immediately. Income payments can begin right away or postponed into the future. 

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Variable annuities vs. Fixed Annuities

Annuities further differentiate by interest rates.

Fixed annuities – offer a fixed interest rate that guaranteed growth on your investment.
Variable annuities – offer a variable interest rate that fluctuates depending on market performance.

Variable interest rates have the potential for higher gains, while fixed annuities offer greater protection for your investment.

What are the benefits and Risks of variable annuities?

Annuities have several features you need to understand before you invest. Annuities are long term investment products. There are substantial taxes and penalties for withdrawing your money early.

Variable rate annuities do have investment risk. If the market performs poorly, you might have zero growth on your investment. There’s also the possibility of losing some of the investment principle.

Who are Variable annuities for?

Variable annuities will fit well with individuals looking to grow their retirement income with limited risk. Fixed annuities fit better for those trying to conserve what they already have.

Annuities vs Other Retirement Investments

The recession of 2008 has significantly altered the way that Americans now approach retirement. Now, people are much more cautious with their retirement savings.

Traditional low-risk investments such as bonds and CDs have been popular in the past, yet today these products provide no real growth potential. In many cases, these traditional low-risk investments fail to outpace inflation, meaning your investment might lose money.

As a result, millions of Americans are turning to annuity investments. 

Annuities have flexible design options and can fit into any retirement plan. 

Did you know that retirement annuities have tax advantages that help you grow retirement income even more? It’s true. 

If your annuity is part of a qualified retirement plan, there are tax advantages built into your investment, which further helps increase your retirement income.

Explore Your Options Today

Navigating the complex world of annuities can be challenging. Savvy shoppers will work with an independent agency to help them locate their best market options. And that’s exactly what we do.

Our independent agency specializes in retirement annuities. We’ll help you shop and compare annuity companies nationwide to find your best investment opportunities. 

Our services are free. And there’s no obligation when speaking with an agent. 

We’ve helped thousands of seniors live a successful retirement. See what we can do for you.

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