Protection Benefits
Protection and Income For Life With a Fixed Indexed Annuity
If making sure you don’t run out of money is a major concern for you, you wouldn’t be alone. This worry is shared by many retirees and pre-retirees. And, one way to alleviate this concern may be an annuity. Not all annuities are the same; some are less reliable than others. And, because of this, you may have heard that annuities are bad. However, you may be able to use the right type of annuity product to protect your money and secure guaranteed* income for life.
A fixed indexed annuity (FIA) is a contract between yourself an insurance company. An FIA can allow you to save money for retirement while keeping it guaranteed* protected and earning a reasonable rate of return.** So, how does an FIA work? First, you enter a contract with an insurance company. Then, you contribute a set amount of money. After some time, during which your money is left to grow, you can then take set payments in the form of income. The rules about when you can begin taking payments, and how much money you can take at a time, will vary depending on your individual contract. It’s important to do your research when making decisions about your retirement. Could a fixed indexed annuity be the right option for you? Reach out to Compass Financial to find out.
Flexible Guaranteed* Income
Once you begin approaching retirement, your priorities are likely to shift. For example, your risk tolerance might change. Many people become more focused on safety as they get older, because the closer you get to retirement, the less time you have to make back losses: you’re going to need your savings soon. One surefire way to keep a large amount of your money protected while still earning a reasonable rate of return** is an FIA.
If you want to learn more about these products, and how they can help you, reach out to us. Reserve a seat at one of our educational dinner seminars, or schedule a one-on-one meeting with us, so we can answer your questions. We can show you how to secure guaranteed* income for life in retirement.
