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Annuities Assistance for Metairie Area Clients

Are you looking for a product to add security to your financial future? Do you want to plan for your future to ensure your retirement is comfortable (or your childrens’ future is financially sound)?

Financial matters always tend to be complex. Choosing where to invest your money and deciding when to put it there are two very difficult, yet important, questions. The goal of Gregory Ricks & Associates is to help residents in Metairie with finding answers to these and other financial queries.

For our Metairie clients, annuities are a great method to plan for their future. For many, how an annuity works may be a mystery. Our team can teach you all about your annuity choices, without the need for complex jargon.

Included below is some helpful information about annuity options that you can use through Gregory Ricks & Associates.

Immediate Annuities

Through an immediate annuity, the owner will be given payout benefits soon, or up to 12 months after the contract is set. They are often a good choice for the retiree or pre-retiree who is in need of steady income checks.

Fixed Annuities

By selecting a fixed annuity, the annuity owner receives a set interest rate for a specific period of time. If a person is looking for an option that offers predictability, this may fulfill that requirement.

Fixed Index Annuities

Fixed index annuities have a low guaranteed interest rate plus the potential for a higher interest rate 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

Variable annuities are a financial investment that are, well, variable. The variable annuity death benefit is one difference. If you die before the insurer has made payments to you, your beneficiary will be given a specified amount.

Annuities and their Riders

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

Finding a Suitable Option For You

Contacting a licensed Metairie insurance professional can be a good way to really understand types of annuities, determine if one might fit into your retirement strategy, and, if so, find a suitable annuity and riders for you. Please contact us and we will contact you to schedule a meeting with a local, insurance-licensed financial professional. You will share your retirement needs and goals with them to construct a retirement strategy and find a appropriate choice from all the types of annuities and their riders available. Get started now!