Annuities in Slidell
Do you stay awake at night worrying about your future finances? Are you ready to make a plan to solidify your retirement and the financial future of your children?
With finances, things tend to be complicated. Learning where to keep 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 people in Slidell with finding answers to these and other financial and insurance-related queries.
For many of our Slidell clients, annuities are a great method to plan for their future. For many people, the basics of an annuity can be a mystery. Our team can teach you all about your annuity choices, without the need for complex equations.
Included below is some helpful information about various annuities that you can use through Gregory Ricks & Associates.
An immediate annuity is one that begins the payout stream to the owner immediately after the contract is issued (or payouts can be triggered up to 12 months later). They are designed for retirees and pre-retirees who are in need of a regular income stream.
By choosing a fixed annuity, the annuity owner receives an interest rate that is set for a specific time frame. If an individual is looking for an option that provides a predictable rate of interest, 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. To protect owners from loss, they also can only show gains, which are locked in, and will never lose the owner’s principal or gains.
It will come as no surprise that there is a lot of uncertainty involved with variable annuities. Variable annuities provide a death benefit. 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 two or more 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. Talk to your licensed insurance professional for more information on types of annuities.
Finding a Suitable Option For You
To get the assistance that you to select a suitable annuity, call an insurance-licensed Slidell, LA financial professional. By contacting us, you can schedule your first meeting with an insurance-licensed financial professional. In this meeting, 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 to you. Contact us now to get started!