|DeFuso Insurance And Retirement Services|
AGENT YOU CAN COUNT ON
OUR FOCUS IS ON YOUR
YOUR LIFE AND HEALTH INSURANCE SPECIALIST SERVING LINCOLNTON NORTH CAROLINA AND THE SURROUNDING CHARLOTTE METRO AREA FOR OVER A DECADE
WE HAVE THE KNOWLEDGE... WE HAVE THE PLANS THAT ARE RIGHT FOR YOU...
AND WE HAVE THE EXPERIENCE.
WHAT ARE ANNUITIES? An older definition of annuities may sound something like this: An interest bearing contract between an individual and a life insurance company that guarantees periodic payments to the individual during a specific period of time.ANNUITIES HAVE CHANGED OVER THE YEARS
Annuities have been around for well over 100 years and no one in the history of annuities has ever lost any principle outside of an early withdrawal. A primary characteristic of annuities are that the principle is guaranteed as well as a minimum interest rate on that principal for the life of the annuitant. The big misconception around annuities is that you pay an insurance company a lump sum premium. In return for the premium you get a guaranteed monthly income stream for either life or a specified period of time. If you pass away prior to the term of the contract, the insurance company gets the balance of your money. There are still annuities that carry those characteristics but most modern annuities leave you a choice in selecting the different options for pay outs.
Lets look at more modern annuities and some of their characteristics:
« Tax Deferred growth for the life of the annuitant. Never pay taxes on your growth again
unless you withdrawal funds.
« Guaranteed minimum interest rate for life.
« Guaranteed never to loose your principle or it's growth once it becomes a component of
« Guaranteed access to a percentage of your principle with out penalty or withdrawal charges.
« Guaranteed income stream for life if you choose that option.
« Guaranteed income to beneficiaries for a specified time after your passing if you choose that
« Avoids the probate process. Pass the principle plus growth to your aires without probate
costs absorbing funds.
« Guaranteed principle and interest unlike the FDIC that guarantees principle only.
« May come with a check book for immediate access to your money.
« Toll free access line to check the value of your annuities daily.
« The agent is paid by the insurance company not out of your principle leaving all your money
working for you from day one.
« Many annuities offer immediate access to funds with no early withdrawal charges from life
changing events such as a loved one needing nursing home care, unexpected home damage
from storms, sudden unemployment, a loved one becoming disabled.
« At maturity you can choose to walk away with access to 100% of your annuities value,
principle and interest, or you can leave your money grow maintaining the guaranteed rate
of return. Maturity ranges from 3 to 10 years making them ideal for folks of any age but
particularly ideal for the senior market.
ANNUITIES MAY BE THE MOST SENIOR FRIENDLY PRODUCT AVAILABLE FOR YOU TODAY
HOW MUCH OF YOUR NEST EGG CAN YOU LOSE AND STILL BE COMFORTABLE??
The Life Annuity, The Tax Deferred Annuity, Fixed Annuities as well as many other types of annuities.
CONTACT US TODAY TO BETTER UNDERSTAND THE DIFFERENT TYPES OF ANNUITIES
DeFuso Insurance And Retirement Services
DO THE RIGHT THING, THE FIRST TIME, EVERY TIME