What is an annuity?

Welcome to Safety First Financial!

Annuities are contracts with insurance companies that are used to grow money for and during your retirement on a tax-deferred basis. Fixed annuities are a popular choice for investors who want to receive guarantees of principal, growth and income for and during your retirement.

When you need your funds you can opt to take a lump sum or to receive payments in a manner that best suits your needs or provide a death benefit to your beneficiaries.

The income you receive form an annuity can be paid out monthly, quarterly, annually or even in a lump sum payment. The size of your payments is determined by a variety of factors, including the length of your payment period. You can opt to receive payments for the rest of your life, or for a set number of years. How much you receive depends on whether you opt for a guaranteed payout or a payout stream determined by the performance of your annuity.

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No Two Annuities Are Equal

• Some annuities are very simple like a CD and others are more sophisticated

• Some have guarantee of principal and interest while others put 100% of your savings at risk

• There are annuities with substantial fees deducted from your account annually and can reduce your principal while others do not

• Some annuities have higher penalties than others

• Certain annuities are designed to provide income and others are created to grow

• Annuities come in various lengths or maturities

• There are numerous way to access money from your annuity, which is the best

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We Educate Our Customers​

Due to substantial misinformation and misunderstanding of how annuities work, Safety First has devoted a considerable amount of time and resources to educating consumers on the pros and cons of annuities. You can learn the basic of annuities herein our Consumer Alert Information Kit or our website at www.Sfinancial.net, but remember; it takes an experienced Financial Professional to match the best annuity to your circumstances. Annuity providers are very competitive so new annuities with new features and benefits become available fairly often. We constantly monitor all the various plans offered by which companies and compare them based on their features and benefits, strengths and weaknesses.

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Secure Your Retirement​

With top financial professionals and licensed representatives, we are dedicated to answer questions and point retirees in the right direction. Safety First offers valuable information about annuities. Our dedicated team is ready and here for you, and will do the best to help you on the path to secure your retirement.

Once you have had a chance to review this information and are ready to discover if there is an annuity right for you, Give us a call at 1-954-564-0052. We would be glad to answer any questions you may have and show you the top annuities currently available from highly rated companies that can meet your needs.

WHAT ARE THE DIFFERENT TYPES OF ANNUITIES?

WHAT ARE THE DIFFERENT TYPES OF ANNUITIES?

There are several types of annuities, which range from guarantees of principal and interest, to no underlying guarantees. To get the most out of an annuity it is important to know the options available and the pros and cons of each type.

You still have access to your accumulation value during the surrender charge period your annuity contract, but a surrender charge would be applied to all withdrawals that exceed the penalty-free withdrawal amount. The surrender charge is a percentage of you accumulation value. This percentage declines over the surrender charge period. The surrender charge period and associated surrender charges to allow the company invest your money on a long-term basis, and as a result credit higher yields than possible with shorter term vehicles.

You still have access to your accumulation value during the surrender charge period your annuity contract, but a surrender charge would be applied to all withdrawals that exceed the penalty-free withdrawal amount. The surrender charge is a percentage of you accumulation value. This percentage declines over the surrender charge period. The surrender charge period and associated surrender charges to allow the company invest your money on a long-term basis, and as a result credit higher yields than possible with shorter term vehicles.

You still have access to your accumulation value during the surrender charge period your annuity contract, but a surrender charge would be applied to all withdrawals that exceed the penalty-free withdrawal amount. The surrender charge is a percentage of you accumulation value. This percentage declines over the surrender charge period. The surrender charge period and associated surrender charges to allow the company invest your money on a long-term basis, and as a result credit higher yields than possible with shorter term vehicles.

You still have access to your accumulation value during the surrender charge period your annuity contract, but a surrender charge would be applied to all withdrawals that exceed the penalty-free withdrawal amount. The surrender charge is a percentage of you accumulation value. This percentage declines over the surrender charge period. The surrender charge period and associated surrender charges to allow the company invest your money on a long-term basis, and as a result credit higher yields than possible with shorter term vehicles.

You still have access to your accumulation value during the surrender charge period your annuity contract, but a surrender charge would be applied to all withdrawals that exceed the penalty-free withdrawal amount. The surrender charge is a percentage of you accumulation value. This percentage declines over the surrender charge period. The surrender charge period and associated surrender charges to allow the company invest your money on a long-term basis, and as a result credit higher yields than possible with shorter term vehicles.

What are Fixed Index Annuities?

Fixed Index Annuities are long-term, Financial Vehicles generally purchased to satisfy a few important objectives such as asset accumulation, tax-deferred growth, to supplement retirement income and to pass funds to beneficiaries. However; emergencies do arise and access to your money is always a concern. It is important to us at Safety First that you are aware of the withdrawal features that may be available in a Fixed Index Annuity.

You still have access to your accumulation value during the surrender charge period your annuity contract, but a surrender charge would be applied to all withdrawals that exceed the penalty-free withdrawal amount. The surrender charge is a percentage of you accumulation value. This percentage declines over the surrender charge period. The surrender charge period and associated surrender charges to allow the company invest your money on a long-term basis, and as a result credit higher yields than possible with shorter term vehicles.

Most annuities allow you to withdraw up to 10% of the total accumulated value each year during the surrender charge period without incurring any surrender charges. After surrender charge periods are over you can withdraw 100% of your money without penalty or leave all or part of your money to continue in the annuity penalty free. Surrender charges only apply during the contracts surrender charge period, which differ from annuity to annuity.

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