Fixed annuity dallas

It is a financial product that is most often used to provide a steady stream of income for someone during their retirement years. It is a contract between you and your insurance provider. Initially, you will make a lump-sum payment or a series of payments and then, in return, your insurer will make payments to you at some point in the future. There are several different types of annuities and each one can be slightly tailored to fit your needs and expectations.

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Good Things Happen Daily! Retiring is easy. Staying retired is difficult. Let us guide you to the retirement income choices that leave you with an income—for life. Hybrid annuities are a combination of both fixed and variable annuities covered in a single contract. The fixed annuity options allow you to have guaranteed income that keeps up with the rate of inflation, while the variable options in the contract allow to you to see a greater return on your investment.

The exclusive hybrid annuities that Income for Life has access to are only available to the top 1 percent of investment firms in the nation. Our standing provides greater access to high-end, high-performance products that many individuals do not even see as an option. Individuals having started their retirement planning but not quite retired yet may find the best value in exclusive hybrid annuities as they have the most to gain in the shortest amount of time prior to retirement.

Because annuities involve investing money through an insurance contract which then is invested in a specific market portfolio, the return on investment is different for each and every product.

Variable annuities are higher risk products but have the potential to have a greater return on investment.

However, the potential higher return on investment also comes with the investor having to assume the higher-performance risk. Unlike fixed annuity contracts, there is absolutely no guaranteed return because the money is invested in a variety of stocks, bonds, and money market accounts. The major benefits to a variable annuity is the ability to accumulate capital on a tax-deferred basis and also to make sure your annuity investment stays ahead of the rising cost of living.

A tax-deferred basis means that you do not pay taxes on the invested money until you withdraw from the annuity. These benefits allow your money to really work for you and accumulate value over time.

An immediate annuity is an annuity contract that is purchased in a single lump-sum payment. This single lump sum then guarantees immediate distributed payments to the individual who purchased the plan.

Ideally, individuals who have concerns about their savings or other retirement plan options running out may want to consider this investment option. Some immediate annuities can have drawbacks that others do not such as the annuity not paying out to the family or estate if the individual passes, where other forms of annuities will.

Overall, a fixed annuity is a popular option for retirees who want to ensure that they have a guaranteed income stream that will supplement their other retirement options.

Matching you with the right annuity provider for your future, My Annuity America! When it comes to your future, there is only one place.