Annuities Make Your Money Work for You
It’s a pretty cool financial life insurance tool.
An annuity accumulates money exponentially for your retirement, or it can even take a lump sum of money and generate a steady stream of income for the rest of your life. It’s a great way to supplement your health insurance coverage and existing health insurance plans. There are two different types of annuities. We’ll provide you with accurate and affordable annuity life insurance quotes for both options. And we’ll work with you to help you decide which of the two solutions is best for you.
Fixed Deferred Annuities
A Fixed Deferred Annuity accrues cash for your retirement. The money in your annuity earns a guaranteed fixed interest rate, growing on a tax-deferred basis. This means you don’t pay taxes on your earnings until you finally withdraw them from your policy.
Variable Deferred Annuities
Variable Annuities are a contractual agreement with an insurance company. You make payments to the insurance company today and the insurance company agrees to pay you income at a later date. Your money is divided into different investments, earning varying interest rates as the market changes. The cash accumulates on a tax-deferred basis, saving the tax bill until the money is withdrawn from your policy.
Want to learn more?
Simply fill out the form on the right to request your personalized life insurance quotes. We’ll do the research to find the right annuity life insurance plan options for you. We’ll even help answer any questions you have about your current health insurance coverage, and determine which health insurance plans are right for you. And only one agent will contact you to talk about your specific situation – promise.
This material is for informational purposes only. Neither Healthcare Solutions Team nor its agents provide tax, legal or accounting advice. Please consult your own tax, legal or accounting professional before making any decisions.