Key benefits of fixed deferred annuities made easy!
Annuities are an insurance product that pays out income that can be used as part of a retirement strategy to prepare you for that time. These are particularly popular with investors who want to receive a steady stream of income for their retirement. If you’ve ever wondered what annuity benefits are fixed, here is your chance!
1. Tax-deferred growth. The money in this annuity does not pay taxes until you start to withdraw it. Because of this tax deferral, your money will grow faster than it would with any other annuity.
2. Security. Buying an annuity from a strong, reliable company with good financial history gives you the confidence to know your money will be there when you need it.
3. Safety. Unlike other types of annuities, this type of annuity grows with a minimum interest rate. Meaning that your account value will never decrease unless you make a withdrawal.
Annuities are there to help your money grow into more money without you having to do much at all. To fully enjoy your annuity, you need the right life insurance policy. Working with an insurance professional can help you find the right life insurance policy to meet your specific needs. Contact Udell Family Insurance in Westlake Village, California for all of your life insurance needs.