The Insurance Superstore has agents to help you with annuities in Colorado Springs, Colorado; Castle Rock, Colorado, and Springfield, Missouri.
Fixed Annuities and Fixed Indexed Annuities
There are only 2 safe places for your money: Bank and an Insurance company
(Banks: CD’s, savings accounts and checking accounts)
100% Safe Annuities: Must be “Fixed”
May be immediate or deferred
(Variables are tools, but money can go up or down)
No one has ever lost money in a fixed annuity (assuming held to end of contract).
Even during the depression, no one lost money in any annuity.
*** I ONLY sell safe, fixed annuities. My license does not allow me to lose your money. ***
Benefits of a FIXED ANNUITY:
100% safe – you ALWAYS have more money at end of contract.
Stated percentage rate for period of time. (usually much higher than bank offerings)
Most contracts range from 5 – 10 years.
May move any tax deferred vehicle into a fixed annuity (401 K’s, IRA’s, etc…)
Tax deferral means if CD has same rate – the APY for an annuity is higher
Can LOWER your annual taxes
Treated like life insurance
Avoids probate as money is sent directly to beneficiaries
Avoids estate taxes -
Lifetime income that never goes down if wanted. (annuitization)
10% penalty free withdrawals anytime during year. (access to money if needed- most contracts)
Benefits of a FIXED “INDEXED” ANNUITY:
All the above applies because it is a Fixed Annuity.
You take a lower GUARANTEED percentage rate for POTENTIAL of a much HIGHER rate.
The interest is credited EACH year, and once it is credited – can’t lose it!!!
Partial annuitization available
This allows you to have a guaranteed income for life – BUT you still keep control of money.
Nuts and bolts of a FIXED INDEXED ANNUITY:
Your money STAYS at the company – it is NOT in the markets or indexes.
Each product will have multiple options (buckets or seats within the annuity).
You choose each year (and can split %), and you can move each year.
There is always a “fixed” rate
Each company has different “strategies” and uses different indexes
Your interest is CREDITED each year based on how your buckets (strategies) do.
In general, if stocks do well – you do well. If stocks drop – you lose nothing! (but don’t gain either)
* It is important to tell me what you are looking for and I can shop the companies – no one product does it all!
i.e. – Highest potential / best minimums / best income payouts / simplest to understand