Annuities

There are several types of annuity products available to choose from. Whether you’re looking for income options, legacy planning tools, or spousal protection, your financial professional can tailor a plan to meet your specific goals.

Variable: There’s the potential for more earnings, but you also take on more risk.

Registered index-linked: Exposure to downside risk is limited, and there is potential for increased earnings based on index growth.

Fixed: Your investment grows based on a guaranteed rate of return.

Immediate: Convert a lump sum of money into a stream of income.

Fixed indexed: The potential for increased earnings is based on index growth, but downside protection remains.

• Missing the income benefit. The idea behind annuities is that you save money now to have an income stream for the rest of your life. You will miss out on that long-term benefit if you suddenly pass away. Some annuities allow you to designate a beneficiary, but they may cost extra.
• Tying up money you may need. Once you've invested your money in an annuity, it can be difficult to access or cash it out if you suddenly need those funds. For example, some immediate annuities take away access to your principal after you have invested it, even though the payments begin right away.
• Insolvent insurance companies. Because an annuity is a long-term investment, you'll want to ensure the company you purchase from is around for the long term. Investors should investigate potential annuity providers' credibility, history, and credit standing.

Contact us today to learn more about how annuities can help!