Posts Tagged “Life annuity”
What is a Fixed Annuity and Who Should Buy Fixed Annuities?
By Jorge Hiram Garcia, Your Insurance Advisor | April 23, 2012
What is a Fixed Annuity, and Who Should Buy Fixed Annuities? Fixed Annuities are unique in that they offer a wide range of benefits for those planning for retirement. Not only can fixed annuities be used to fund their retirement but to protect their retirement fund they have a retirement plan in place. Fixed annuities [...]
The New Risk You Need Protection From: Living Longer Than Expected
By Jorge Hiram Garcia, Your Insurance Advisor | April 21, 2012
The number-one new risk consumers need to protect themselves against is longevity, or living longer than expected. To illustrate, if you take a husband and wife who are both 65, there is a 50/50 chance that one of them will live to age 92. There is a 25 percent chance that one of them will [...]
Looming Retirement? Make a Retirement Income Plan To Guarantee Income For Life
By Jorge Hiram Garcia, Your Insurance Advisor | April 13, 2012
If you are contemplating retirement or are planning to retire soon, you’ll need to plan in order to make sure your retirement years are as comfortable as possible for you. One thing you need to do is to make a retirement income plan with your insurance advisor to make sure you don’t run out of [...]
New IRS Guidelines Help Consumers Buy Deferred Annuity Within IRA-401k
By Jorge Hiram Garcia, Your Insurance Advisor | April 11, 2012
There are many reasons why someone would prefer to use a deferred annuity within an IRA or 401(k) plan. For those clients who prefer deferred annuities within their retirement plans, the IRS reporting requirements have historically been so convoluted that they’ve served as a deterrent to such purchases even thought these purchases would benefit these [...]
Annuities: How Does A Single Premium Immediate Annuity Work?
By Jorge Hiram Garcia, Your Insurance Advisor | June 3, 2010
When you buy an annuity, you pay a certain amount of money called an insurance premium. This premium can be paid all at once in the beginning (called a single premium annuity), or it can be paid in installments (a flexible premium annuity). When an insurance company receives the premium from you, the premium is gathered and collected, or pooled, with the premium paid by all of the other people that buy annuities from the insurance company.
Annuities: What is A Single Premium Immediate Annuity?
By Jorge Hiram Garcia, Your Insurance Advisor | May 24, 2010
A Single Premium Immediate Annuity (SPIA), out of all of the annuities that we have talked about, is the one that is most insurance-like of all annuities. As we discussed before an annuity protects you from running out of income, or money, before you die. When you buy a single premium immediate annuity you are protecting yourself by assuring yourself a source of income for the rest of your life.
Recent Comments