Did You Know...
- August 29, 2019
84% of Americans have no formal retirement plan. Fixed indexed annuities can possibly help.
As we get older, our retirement needs may change. Wouldn’t it be nice to have an investment strategy that can adapt to those changes? For this reason, many are looking to fixed indexed annuities, which can provide the flexibility to fit current goals, whether that be growth, income, or help with the unexpected.
Here are some considerations when deciding if fixed indexed annuities are right for you:
An annuity can offer loved ones a quick source of funds to settle matters after one’s death. Even when taking lifetime income withdrawals, the benefit base may continue to grow. The beneficiary may choose either the full accumulated value in a lump sum or the benefit base, paid out equally over a period of 10 years or less.
Enhanced income benefit riders are automatically built into annuity contracts. As long as eligibility requirements are met, the maximum lifetime withdrawal amount can be doubled until the accumulated value reaches zero.