Purchasing An Annuity

Purchasing An Annuity For Guaranteed Retirement Income: Your Complete Guide To Buying An Annuity

When it comes to saving for retirement income, many options are available. One option you may be considering is purchasing an annuity.

An annuity is a contract between you and a life insurance company in which you make payments now in exchange for income in retirement that will last the rest of your life. This income can begin immediately or at some point in the future.

Annuities can be a great way to supplement your other retirement savings, but they are not suitable for everyone. In this guide, we will cover everything you need to know about annuities, including how they work, the types available, and whether or not purchasing an annuity suits you.

Why Purchasing An Annuity Is A Good Idea

If you are pondering if you should buy an annuity for retirement, you are not alone. There are more than 250,000 thousand searches monthly for people investigating annuities. 

That might be a savvy move! Here’s why:

  1. Secured Income: Fixed annuities guarantee a lifetime income stream, tackling the risk of outliving your savings.
  2. Tax Advantages: Hello, tax benefits! Annuities offer more tax-sheltered ways to save for retirement.
  3. Early Purchases Equal More Growth: Buy early, and your money can grow massively courtesy due to tax-deferred compound interest.
  4. Contribution Limit? What Limit?: Unlike 401(k)s, and IRAs, annuities do not have contribution limits; save as much as possible.
  5. Market Protection: An eye on annuities? Say goodbye to market volatility. They offer protection against market downturns. Enjoy your retirement, knowing that your funds are safe.

What Is An Annuity?

An annuity is simply a contract you strike with an insurance company. Here’s how it works:

  • You make a single payment or a series of payments.
  • In return, the insurance firm gives you regular disbursements, starting immediately or in the future.
  • This is all about buying future income! For instance, think of it as creating your pension fund.
  • One primary goal is to ensure you don’t outlive your savings, especially during retirement.

Remember, the payouts’ duration and amount hinge on factors like the type of annuity and stated terms of your contract. It’s not just an investment, it’s a transfer-of-risk contract.

Purchasing An Annuity

Types of Annuities

Fixed-Rate Annuities

Fixed-rate annuities are your retirement go-to plan, with a promised minimum return on your investment. Let’s dive into what makes them tick:

  • They have a set rate of return
  • Weekly, bi-weekly, monthly, or annual income is assured
  • You’re shielded from market instabilities

However, they’re not without their ups and downs.

Pros:

  1. You have a secured minimum return rate.
  2. Payments are consistent.
  3. The insurance company carries the risk of investment.
  4. Interest grows tax-deferred if left for full duration (i.e., 5 years).
  5. It’s free of front-load or sales charges.

Cons:

  1. The returns might not surpass inflation.
  2. Your money is locked in for the tenure.
  3. They include early surrender fees.
  4. Returns are capped, unlike their counterparts: variable annuities.
  5. They might not be included in your employer-provided retirement plans.

Think of it as locking $200k in and receiving $5k monthly during your golden years. That’s a fixed-rate annuity in action.

Fixed Indexed Annuities

Fixed Indexed Annuities (FIAs) are a retirement savings tool where your income is tied to a market index but isn’t directly invested in the stock market, giving a unique combination of potential growth and security.

Top features:

  • Principal protection from stock market downturns
  • Ties to an external performance index
  • Potential for higher returns

Pros:

  1. Offers a guaranteed rate of return
  2. Provides potential for growth linked to a market index
  3. Protects your investment from market crashes
  4. Can outperform conservative investments in good markets
  5. Offers tax-deferred retirement savings

Cons:

  1. Complicated product with limited potential
  2. Caps on gains limit your upside
  3. Ignores dividends from the S&P 500 index
  4. The minimum guaranteed rate doesn’t cover all of your premium
  5. Can underperform during poor market years

Note: Pricing can be unclear due to costs baked into the annuity contract and surrender charges if you want to withdraw early.

Benefits Of Single Premium Immediate Annuities (SPIAs)

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Single Premium Immediate Annuity (SPIA)

A Single Premium Immediate Annuity (SPIA) is an investment plan that trades your hefty lump sum into a stream of guaranteed income for life.

Top features include:

  • Immediate monthly payments
  • Lifelong guaranteed income
  • Independent of market trends

Pros:

  1. Regular income: SPIA offers a lifelong, reliable income stream.
  2. Financial security: It provides you with financial stability after retirement.
  3. Market immune: Future market fluctuations can’t tamper with your income.

Cons:

  1. Irrevocable: The premium you pay upfront is non-refundable.
  2. Costly: SPIAs often demand a hefty lump sum.
  3. Potential loss: If you outlive the policy, you cannot get your whole premium back.

Variable-Rate Annuities

Variable annuities put a twist on the retirement savings game. Let me break it down for you:

  • You’re betting on market performance
  • The payouts can vary over time
  • It’s got the potential for higher returns
  • You might lose some cash
  • You can add extras (for more cash, of course)

Annuities with Income Protection

Thinking about securing a guaranteed income for your retirement days? Look no further than deferred annuities with income protection. They’re a reliable way to ensure a steady income stream post-retirement.

Here’s what they offer:

  • Tax-deferred growth
  • Lifetime income stream
  • Financial protection for your beneficiaries
  • Flexible income options tailored to your needs

Now for a quick rundown of the pros and cons:

Pros:

  1. It helps prevent outliving assets.
  2. Offers protection from creditors.
  3. Guarantees lifetime income regardless of market fluctuations.
  4. Provides flexibility to adapt to changing plans.
  5. The minimum investment needed is $50,000 only.

Cons:

  1. Loss on investment if you die early.
  2. Lower-income if you choose higher protection.
  3. Dependent on your gender, age, initial investment, and type of policy.
  4. The amount can become inadequate over time due to inflation.
  5. Withdrawing the sum before a set date can result in penalties.

Annuities with Withdrawal Benefits

With withdrawal benefits, annuities are like your piggy bank of retirement dollars that come with an added perk. Aside from getting a steady income stream in your golden years, you also get the freedom to withdraw. It’s unique from other annuities because, firstly, it offers more liquidity, and secondly, it can deliver that immediate cash fix when dealing with big-ticket expenses.

Cool, right? Let’s list down its features:

  • Guaranteed income for life
  • Opportunity for tax-deferred growth
  • Surrender charges for early withdrawal
  • Possible access to interest after the first year
  • Death and income benefits, aka ‘riders.’

But let’s not kid ourselves. There are pros, and there are cons:

  1. Pro: You’ll never outlive your income
  2. Con: There could be hefty withdrawal fees
  3. Pro: You are permitted to withdraw up to 10% value fee-free
  4. Con: Thanks to those riders, it can have higher overall expenses.’
  5. Pro: It can be a great tool to catch up with late retirement savings.
  6. Con: Selling your annuity could be the only way to access a lump sum in desperate times
  7. Pro: It guarantees Annuities with withdrawal benefits. It’s like your piggy bank of retirement dollars but better. Besides guaranteeing a steady stream of income during retirement, you also have the privilege to make withdrawals when necessary. This is an excellent alternative to other annuities as it offers more financial flexibility and an immediate lifeline for unpredictable, significant expenses.
retirement plan

Deferred Retirement Annuities

If you’re looking to secure a stable income during retirement, a deferred annuity with an income rider might be up your alley. Offering tax-deferred growth and a consistent income stream, it tucks neatly into various financial goals.

Top features:

  • Guaranteed lifetime income
  • Tax-advantaged growth
  • Protection against market downturns

Pros:

  1. Enables increased retirement savings
  2. Offers the potential for asset growth
  3. Access to account value as needed
  4. Provides security through investment protection
  5. Taxes deferred until funds withdrawal

Cons:

  1. Potentially high surrender charges for early withdrawal
  2. Limited access to funds during the surrender period
  3. Risk of a 10% federal tax penalty for early earnings withdrawal
  4. Annuity income is taxed as ordinary income
  5. Requires a minimum investment.

Annuities with Longevity Annuities

Longevity annuities are your golden parachute for a financially protected retirement. Imagine tucking away a chunk of money now and waiting for monthly payments to start gushing in once you hit, say, 85 – that’s a longevity annuity for you!

Compared to other annuities, longevity annuities create a guaranteed income later, acting as a safeguard against outliving your savings. They also come with a lower initial investment requirement.

Top features include:

  • Income for life
  • Ability to protect spouse also
  • Deferred payment structure

Its pros include:

  1. Long life protection
  2. Limited upfront investment
  3. Option with spouse
  4. Lowered retirement account depletion
  5. Tax benefits

However, the cons comprise:

  1. Locked investment
  2. Early withdrawal penalties
  3. Dependence on insurer’s solvency
  4. Limited flexibility
  5. Possible loss of unused funds

Pricing largely depends on premium payment and insurer terms, but they’re generally cost-effective for the lifelong security they offer.

Annuities with a Beneficiary Feature

Hey there, let’s chat about annuities with a beneficiary feature. These differ slightly from your typical annuity because they provide a death benefit. Here’s a peek into what they offer:

  • Guarantee of principal
  • Tax-deferral
  • Life-long income stream
  • Beneficiary returns

Now let’s explore its top 5 pros and cons:

  • Assured income for life
  • Protection of principal amount
  • Tax-deferred growth
  • Death benefits for a named beneficiary
  • Option for additional riders
  • Often carry higher expenses
  • Might have surrender charges lasting several years
  • Complexity can be intimidating
  • Smaller payments if investments do poorly (for variable annuities)
  • Potential for added cost with additional features.

I hope that gives you a solid snapshot. It’s all about knowing what suits you best!

Secure Retirement

Fixed-Rate Ordinary Life Annuities

A Fixed-Rate Ordinary Life Annuity is a financial product where you invest a sum and earn a guaranteed return. Think of it like investing $200,000 and receiving $5,000 monthly for a fixed period. It offers:

  • Guaranteed minimum rate of return
  • Fixed payments
  • Potential for tax-deferred growth
  • Protection through optional riders
  • Possibility of higher rates than CDs

Pros:

  1. It gives you a guaranteed income.
  2. You bear no investment risk.
  3. It grows interest tax deferred.
  4. It can help meet financial needs.
  5. It’s good for uneasy stock market seasons.

Cons:

  1. It can have early surrender fees.
  2. It’s complex to understand.
  3. Few employers offer them.
  4. Market conditions affect immediate annuity payouts.
  5. Optional riders increase costs.

The Pros And Cons Of Buying An Annuity

Are they looking for suitable alternatives for your retirement plan? Annuities might be just the ticket. They’re popular for their guaranteed retirement income, so many individuals nearing retirement buy annuities.

Your retirement years do not need to be filled with uncertainty; this is where purchasing annuities comes in.  Before you purchase a deferred annuity, non-qualified annuity, fixed index annuity, or fixed immediate annuity, it is vital to learn how an annuity works and its pros and cons.

So, what’s so great about annuities?

  • They provide tax-advantaged growth.
  • You’re safeguarded against market downturns.
  • Annuities offer a guaranteed lifetime income.
  • You can get death benefit provisions.
  • The earlier you buy, the higher your savings.

But let’s not ignore the not-so-great parts:

  • High fees might come into play.
  • Early withdrawal could leave you facing penalties if you withdraw money before the allowable time.
  • Variable annuities pose potential risks to stock market losses.
  • You may see less growth potential with single fixed premium immediate annuities (SPIA).
  • Lastly, surrender charges could occur.

Remember, it is vital to work with an experienced annuity expert to ensure you are purchasing an annuity that is best for you.  We recommend you buy them from brokerage firms that are independent and specialize in fixed annuities.

How to Buy Annuities

Step 1: Understand your financial goals

It’s vital, pal, to get a handle on your financial goals before buying an annuity for retirement. This isn’t just about money socked away. It’s also about knowing you’ve got steady dough coming in.

To deduce if an annuity is your cup of tea, ponder the following:

  • Goals: What’s your endgame here?
  • Bucks: What can you part with, at least for a bit?
  • Timing: When do you want to start withdrawing, and what are the potential earnings?
  • Risk: How much are you ready to possibly lose?

Don’t shy from seeking expert advice, too – they can provide guidance and clarify any fuzziness. So, start the chat, set the wheels in motion, and ensure you stride towards a comfy retirement.

Step 2: Research annuity products

Understanding annuities is crucial to making a smart financial decision. Here’s how you can shape your research process to ensure you select the best fit for your future.

Start by getting a clear picture of your financial goals. Will an annuity help achieve them? Consult a financial advisor to help clarify this. Now, move to the nitty-gritty: understanding the features of different annuity products. Here’s a compact list to guide your research:

  1. Income Potential: Does it satisfy your income needs?
  2. Growth: Does it offer enough growth for your investment?
  3. Security: How stable is the product and the provider?
  4. Inheritance Planning: Can it provide for your heirs?

Remember, a thoughtful research process is key to securing your financial future.

Step 3: Selecting an annuity provider

Choosing the right annuity provider for your retirement is crucial as it largely affects the value you get for your investment. Here’s a step-by-step guide on how to go about it.

  1. **Assess Your Needs**: Understand your financial goals and identify what benefits you need from an annuity.
  2. **Choose an Annuity Type**: Determine the type of annuity that suits your needs based on your desired income, growth, and other features.
  3. **Research Providers**: Find reliable providers specializing in your annuity type. Look for their credit ratings from agencies like Moody’s or S&P Global.
  4. **Compare and Select**: Compare various providers’ contracts and financial strength before making a selection

**Expert Tips**:

  • Consider possible tax implications when funding the annuity
  • Take advantage of the annuity’s free-look period to thoroughly review your chosen contract
  • Don’t rush. Take your time to understand all your chosen annuity’s provisions, fees, and commissions.

Step 4: Meet with an agent over the phone, video chat, or in person

  1. Start by scheduling an appointment with a trusted and competent agent. This is typically done through your chosen financial institution.
  2. Prepare for a thorough conversation about why you need an annuity for your retirement plan.
  3. Dedicate time to collaborate with the agent. Your input is crucial in crafting a plan tailored to suit your needs.
  4. Always be ready to ask tough questions. For instance, inquire about hidden fees or recommended features that may be unnecessary for your situation.

Pro-tip: Traditional annuity agents may work on commission and occasionally push products that inappropriately favor their interests. Be proactive and critical during the meeting to protect your interests.

Buying An Annuity

Step 5: Fill out an application form and answer questions

  1. **Starting the process**: Answer application questions to check if an annuity suits your financial situation.
  2. **Providing personal details**: Give your contact info, address, beneficiary, and annuitant details. Stuck anywhere? Use the chatbox or call for help.
  3. **Completing the form**: Ready to fill out the form with information like Social Security number, date of birth, and beneficiary details. Make it accurate to avoid delays.
  4. **Understanding suitability**: The agent will ask questions to see if the annuity suits you. Take this chance to clear your annuity queries.
  5. **Online completion**: With Canvas, you can complete most of the process online, providing a hassle-free experience.

Annuities don’t need underwriting, making them less complex than other insurance products. Happy planning!

Step 6: Transfer funds into the annuity

Step 1: Start by deciding how you’ll fund your annuity. Choices include cash, a transfer from a retirement savings account, or funds from another brokerage account.

Step 2: Once you’ve selected your funding option, you can purchase the annuity online. If you’re using a rollover, there may be additional steps.

Step 3: Be mindful of any fees associated with the transfer from other funds to your annuity contract. It may be beneficial to consult a financial professional to understand potential costs.

Step 4: Tax implications will vary depending on the funding method. It’s wise to consult a financial planner or tax advisor to grasp fully the tax implications.

Remember – always abide by the terms of your previous account and consider all the costs.

Step 7: Select the right annuity plan for you

Choosing the right annuity for your retirement is no small task, but it can be easily navigated carefully. Let’s break down the process into bite-sized steps for you:

  1. Assess Your Financial Situation: Determine your current financial needs and future goals. Consult a financial advisor if you need help deciding if an annuity will suit your objectives.
  2. Know Your Options: Do your research. Understand the different annuity products and their benefits. Remember, annuities can provide income, growth, and more. Find the one that fits you best.
  3. Choose Your Annuity Provider: Grab your detective hat and dig into potential annuity providers. Use financial rating agencies like Moody’s and S&P Global to ensure they’re reputable and stable.
  4. Apply for Your Annuity: Collaborate with the chosen provider and financial advisor to sign an annuity contract. Don’t forget to compare similar products from different companies.
  5. Premium Payment: Decide where the funds for your annuity payment will come from. Consider the tax implications before making the transfer.

Expert tips:

  • Take advantage of your annuity’s free-look period to thoroughly review the terms of your contract.
  • Thorough Understanding awaits in the fine print. Be diligent in uncovering any hidden fees or commissions.
  • And above all, don’t rush. Choosing the right annuity is a big decision. Take your time to ensure it aligns perfectly with your retirement goals.

Keep these tips in mind as you navigate your way toward your retirement dream! Remember, the right annuity plan is like a trusted companion in your journey toward a comfortable retirement. Happy hunting!

Step 8: Take advantage of free looks or in-depth consultations

  1. Start by Planning: Use tools and resources like planners, analyzers, and calculators to make informed decisions.
  2. Speak to a Pro: Get help from a licensed financial professional (free of charge!). You can easily contact them for assistance.
  3. Choose a Company: Select from various highly rated, financially robust companies. Consider the features each offers.
  4. Check Annuities: Carefully compare products. Use tools like Fidelity’s Planning & Guidance Center to verify how annuities fit into your plan.
  5. Opt for Free Look: Many companies, like Canvas, offer a penalty-free, 30-day free look period. Use this to ensure the annuity suits you.
  6. Personalize Your Plan: Collaborate closely with the company and customize your annuity to suit your needs best.

Expert tip: Always utilize the free look period to its fullest; it’s there to benefit you!

Step 9: Understand payout terms and tradeoffs

When considering an annuity, understand its two phases: accumulation and payout. In the accumulation phase, you’ll make payments, some of which may be diverted into variable investments. The payout phase is when you get your payments back with any gains. Opt for either lump-sum or periodic payments.

The two main choices with annuities are fixed income (stays the same each year) or increasing income. Evaluate your financial goals, risk tolerance, potential income growth, and fees against other investment options. Check the insurer’s financial strength; you want a stable company for the payout phase.

Test your understanding of the contract; ask the representative for clarifications. Even after buying, you have a 10-day return window. Always compare annuities from several companies.

Step 10: Investigate credit rating information before making a decision

  1. Research Annuity Products: Decide which annuity suits your financial expectations. Do your homework and compare products from various companies, considering their differing interest rates.
  2. Check Companies’ Credit Ratings: Look at the financial strength of issuing companies. Use independent ratings from Standard & Poor’s or AM Best for unbiased insight.
  3. **Scrutinize Disclosure Information**: Make sure you read and understand all the information. Don’t hesitate to ask questions and get clarifications.
  4. **Review the Annuity Contract**: Once you’ve purchased, read the contract thoroughly. If there’s anything amiss, remember you have a 10-day return window for a full premium refund.

Expert tip: Always remember to check for hidden fees, the company’s financial strength rating, and the terms of your investment in case of your demise. Stay informed and protect that hard-earned money.

Annuities and Retirement: How An Annuity Works

Annuities, integral to your retirement plan, are investment contracts made with insurance companies. Here’s why they’re worth considering:

  • They’re designed for various goals, like safeguarding your principal amount, ensuring lifetime income, legacy planning, or long-term care costs.
  • They allow tax-deferred growth, increasing your earnings potential.
  • Annuities provide you with regular income, much like your social security payouts.
  • They’re your personal pension fund or IRA, promising a guaranteed income stream or retirement cushion.
  • If retirement is near and you’re playing catch up, annuities can pull in additional savings.

Remember, annuities could get complex. So, gather all the facts and weigh the benefits and costs before deciding.

Fixed Annuities vs. Other Retirement Options

Annuities are a fascinating alternative if you’ve maxed out traditional retirement savings options such as an IRA or 401(k). They offer guaranteed income for life, a feature that sets them apart from the usual retirement scheme.

Here’s a quick peek at annuities’ top features:

Stocks, Mutual Funds, 401K, and IRAs Top Features:

  • Diversification Potential for Growth
  • Professional Management
  • Tax Advantages
  • Retirement Planning

Let’s draw a comparison now:

 Fixed AnnuitiesOther Retirement Savings
Retirement IncomeGuaranteed For LifeFluxuates/Decreases To Zero
FlexibilityLow/MediumHigh
FeesLow/MediumLow/Medium/High
Initial InvestmentLow/MediumLow/Medium
Risk of LossesNoneHigh Risk

Why An Annuity Is A Good Retirement Savings Vehicle

There is an old saying only two things are guaranteed: death and taxes.  By now, you realize there is a third guarantee when you buy an annuity: lifetime guaranteed income. 

Here are the top three reasons my many retirees move their money away from their other investments and into an annuity:

  1. It provides a regular income source during retirement. Unlike other retirement savings options, such as a 401(k) or IRA, an annuity offers guaranteed payments that can last for the rest of your life and your spouse’s life. 
  2. Annuities offer tax-deferred advantages up to 85. Contributions to an annuity are made with after-tax dollars, meaning that when you withdraw money from the annuity during retirement, you only pay taxes on the earnings, not on the principal. 
  3. Annuities offer the option for beneficiaries. Your designated beneficiaries can receive the remaining balance if you pass away before depleting your annuity funds. This allows you to leave a financial legacy for your loved ones, providing them with some financial security even after you’re gone. 
How to choose the right annuity

How To Choose An Annuity

Choosing the right annuity is essential as it dramatically impacts your financial health post-retirement. The decision is personal and hinges on your risk tolerance and future needs.

  1. Know Your Needs: Ascertain whether you seek guaranteed income or growth. Think retirement timeline, income sources, lifestyle changes, and potential longevity.
  2. Analyze Options: Annuities come in different flavors – Fixed, Variable, and Indexed. Risk tolerance and potential earnings dictate the choice.
  3. Decide Payment Mode: Tailor it to your requirement – for life, specific years, or lump-sum amount.
  4. Identify Beneficiary: Whether the payouts are just for you, your spouse, or any beneficiary should be decided in advance with your financial expert.

Remember, thorough research is crucial to unearth the best annuity rates and validate the company of choice.

How To Fund An Annuity

Funding an annuity doesn’t have to be a daunting task! Here, let me guide you through it with some straightforward steps and expert tips:

  1. Gauge Your Financial Needs: Begin your annuity journey by assessing your financial needs and establishing clear goals. Take the help of a professional, if available.
  2. Research: Dive into the world of annuities to understand which type fits you best. Are you looking for income or growth? Study the illustration documents of the annuities you’re interested in.
  3. Choose an Annuity Provider: Take the time to find an insurance company with an excellent rating, as they would offer competitive annuity rates.
  4. Apply: Pay close attention while filling out the application. Make sure everything is accurate for a seamless process.
  5. Fund The Annuity: You can use cash, retirement funds (401K, IRA), stocks, inheritance, and mutual funds to fund your chosen annuity. Just ensure the payment method aligns with your financial plans.

Remember, annuity funding is essentially investing in your future. Make choices that best suit your financial outlook.

How Taxes Affect An Annuity

First off, remember that annuities are tax-deferred – you won’t be taxed on the funds while they sit in your annuity. You’ll only pay up when you take a withdrawal, like a 401(k) or traditional IRA.

Here are some top-notch tips on how to manage taxes on annuities:

  • Consult with your tax advisor or annuity consultant before making any annuity-based decisions.
  • Understand that insurance companies and fixed annuity agents must consider your financial and tax status, investment goals, and other factors when suggesting annuities.
  • Familiarize yourself with the terms “qualified annuity” and “nonqualified annuity.”
  • If you fund your annuity with pre-tax dollars (aka a “qualified annuity”), your withdrawals will be taxed based on your ordinary income rates.
  • If you use post-tax dollars for a “nonqualified annuity,” only your earnings get taxed.
  • Get acquainted with the exclusion ratio of nonqualified annuities; it’ll determine how much of your withdrawal is principal and how much signifies earnings.
  • Opt for annuities to boost retirement savings, especially if you’ve exhausted other tax-favored investments.
  • Your annuity’s income is taxed as income, so understand how your annuity provider will handle tax deductibles before paying out net income.
  • Remember, you can choose how often you’d like to receive your income – monthly, quarterly, half-yearly, or annually – so find what works best for your financial lifestyle.
  • Lastly, knowing where you plan to retire and your health when setting up the annuity can affect your income. So plan wisely!

What Happens to Annuities After the Owner’s Death?

After the owner’s death, what happens to annuity when you die depends on the type of annuity and beneficiary designations. In some cases, the annuity may pass directly to the named beneficiaries, while in others it may be subject to probate. It’s important to review and update beneficiary designations regularly.

Annuities: An Essential Part of Your Retirement Plan

Looking to solidify your retirement plan? Consider different types of annuities on your next annuity purchase, like a fixed and fixed index annuity. Annuities are designed to offer you a sure ticket for a comfortable retirement life, guaranteeing lifelong income and helping you catch up on retirement savings.

Integrity Now Insurance Brokers is experienced in offering annuity owners various annuities from dozens of reliable companies.  Our fixed annuity agents only sell annuities from B++ rated insurance companies or higher. 

We offer various annuities, including Single Premium Immediate Annuity (SPIA), Deferred income fixed annuities, fixed index annuities, and Qualified Longevity Annuity Contract (QLAC).  If you are like most people, you are worried your individual retirement account could drop by 50 percent or more, which means a massive drop in your retirement income.

Contact us today and learn all of the benefits of annuities and how annuities can help secure your financial future.  

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