Life Insurance and Annuities

To help ensure you have a plan in place to address some of those concerns, you may find it helpful to work with an advisor experienced in using life insurance and fixed annuities to help solidify your retirement strategy with valuable protection and guarantees.

How An Annuity Works?

In its simplest terms, an annuity is a contract between an individual and a life insurance company. You can buy an annuity with a portion of your retirement savings in either a single or in multiple payments, depending on the type. After you purchase an annuity, any growth in your account might be on a tax-deferred basis while you continue to have control of your money, as needed.

Today, with less people covered by traditional pension plans, annuities can fill a critical gap in a retirement plan by providing a guaranteed monthly check for as long as you live, no matter how the markets perform.

Why Add Life Insurance?

Tax liabilities can chip away at your retirement income and put your plans in jeopardy. You know there are many adventures ahead, and you want to be sure you can always afford to live life your way. Life insurance has the potential to not only help you protect what you have but grow it.