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Kenner Fixed Index Annuities

Now is the time to prepare for the future and improving your financial prospects. Fixed index annuities can help make this happen.

If you want to learn more about fixed index annuities, talk to the financial advisors at Gregory Ricks & Associates. We help individuals to secure their future in the Kenner area.

What Are Fixed Index Annuities?

Annuities are a lot like other investments and share the goal of helping you and your family achieve long-term financial security. But they have a few unique characteristics.

First, a little about annuities in general. Basically, there are four types of annuities: variable, immediate, fixed, and fixed index. At the base level, they operate as a contract between a financial institution and an individual. The person agrees to pay a premium, which the financial organization will return (with interest) in a lump sum or as incremental payments. Any money placed into an annuity is tax deferred.

So how do fixed index annuities differ from other annuities? This annuity is directly linked to a specific financial index, such as Nasdaq of the S&P 500. This annuity is in the middle of the road as far as risk is concerned and offers the possibility for a higher rate of return. With many investments, you can expect little more than a return of your premium and a small amount of interest. Fixed index annuities let you experience the benefits of a high interest rate without major stock market risks.

Call Gregory Ricks & Associates to Learn More

When you are prepared to learn more about fixed index annuities, please contact our Kenner office to arrange a consultation.