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Annuity Life Plans
Local Life Plan Resource | Free Consultations | Offices in SE Idaho | Licensed in 10 States
Hours: Open Monday-Thursday 9:00 am-5:00 pm & Friday 9:00 am-1:00 pm MST
An annuity is a contract between you and an insurance company that is designed to meet retirement and other long-range goals, under which you make a lump-sum payment or series of payments. In return, the insurer agrees to make periodic payments to you beginning immediately or at some future date.
Insurance companies commonly offer a provision of a guaranteed minimum return with indexed annuities, so even if the stock index does poorly, the annuitant will have some of his downside risk of loss limited. However, it also is common for an annuitant’s yields to be somewhat lower than expected due to the combination of caps on the maximum amount of interest earned and fee-related deductions.
Fixed annuities are essentially CD-like investments issued by insurance companies. Like CDs, they pay guaranteed rates of interest, in many cases higher than bank CDs.
Fixed annuities can be deferred or immediate. The deferred variety accumulate regular rates of interest and the immediate kind make fixed payments – determined by your age and size of your annuity – during retirement.
The convenience and predictability of a set payout makes a fixed annuity a popular option for retirees who want a known income stream to supplement their other retirement income.
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Call today to compare costs of plans, estimate your savings and get help with your enrollment.
“Mr. Peterson has always responded ASAP to our questions and offered constructive direction for our insurance requirements. While we are new to this organization, we have felt like we were treated the same as a “long time” client. Insurance is a difficult business. Whether you are just getting started with your own insurance or a long time “insurance veteran”, like ourselves, you will not be disappointed when you chose Mr. Peterson.”
– Donald J. via Google
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We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.
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