Posts Tagged “variable annuity”
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 [...]
What can a fixed index annuity do to help me retire in peace?
By Jorge Hiram Garcia, Your Insurance Advisor | March 6, 2012
Fixed index Annuities can be great solutions for your retirement concerns With roughly 10,000 baby boomers retiring every day, many retirement-age individuals feel that the lack of a solid retirement plan continues to keep them up at night and cause them to work longer than they originally planned. Many people facing retirement, while coming from [...]
Government Promoting Annuities…Finally
By Jorge Hiram Garcia, Your Insurance Advisor | February 9, 2012
Annuities are a great vehicle for retirement savings because they can help us make sure we have a guaranteed stream of income for a set period of time. We can even make sure we have a guaranteed income stream for life. The feds are now promoting annuities for these exact features to help retirees ensure [...]
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.
Consumers purchase annuities to protect themselves from running out of income during their lifetime. When selecting an annuity care should be taken to decide at what point in time that income is desired. There are two possible choices for consumers to make: Immediate or Deferred.
Variable Annuities: What is a Variable Annuity?
By Jorge Hiram Garcia, Your Insurance Advisor | May 21, 2010
A variable annuity is a type of annuity that resembles a mutual fund. A variable annuity provides a consumer with some of the safety that a regular annuity provides, but offers a rate of return that can vary dependent on what happens in the market.
Fixed Annuities: What is a Fixed Annuity?
By Jorge Hiram Garcia, Your Insurance Advisor | May 19, 2010
The fixed annuity is similar to a bank CD or Certificate of Deposit. The fixed annuity buyer is assured a guaranteed rate of return for a specific period of time, or term. In the majority of cases, the longer the term, the higher the rate of return.
Recent Comments