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Annuities Assistance for Metairie Area Clients

Do you stay up at night worrying about your financial future? Do you want to plan for your retirement and take care of your children?

Financial matters always tend to be complicated. Choosing where to put your money and when to do it are two very tough questions. But they’re necessary questions. The mission of Gregory Ricks & Associates is to help people in Metairie with finding answers to these and other financial and insurance-related queries.

Annuities are typically a great investment option for our Metairie clients. But if you are like many people, you might not understand what an annuity is or how to find one. Our team can teach you all about your annuity options, without the need for complex jargon.

To help you get going, we’ve included some information below about a few types of annuities that you might come across.

Immediate Annuities

An immediate annuity is one that begins the payout stream to the owner soon after the contract is issued. They are sometimes a good choice for the retiree or pre-retiree who is in need of steady income checks.

Fixed Annuities

Fixed annuities include a “fixed” interest rate that guarantees the interest rate for a specific time period. If someone is looking for an option that offers predictability, this may fulfill that requirement.

Fixed Index Annuities

A fixed index annuity has a low guaranteed interest rate plus the possibility of additional interest based on an increase in value of the market index to which it’s linked. They also lock in gains, and can never lose those gains nor any principal, which protects against loss.

Variable Annuities

It will come as no surprise that there is a lot of variability involved with variable annuities. The variable annuity death benefit is one difference. This death benefit functions by giving a specified amount to your beneficiary if you die before the insurer has made payments to you.

Annuities and their Riders

Features and/or benefits from various types of annuities can be augmented with rider purchases to better fit your needs. The features of these annuities are not mutually exclusive. For example, fixed or index annuities can be immediate or deferred. Talk to your licensed insurance professional for more information on types of annuities.

Finding a Suitable Option For You

As you can see, annuities come in several “shapes and sizes”. Contacting a licensed Metairie, La insurance professional can be a good way to truly understand annuities, determine if one might fit into your retirement strategy, and, if so, find a suitable annuity and riders for you. By contacting us, you can arrange your first meeting with an insurance-licensed financial professional. Get started now!