Fixed Annuity Information
Retirement Income protection for Life.
Fixed Income Annuities
You have worked hard to get where are. Like a lot of others, you are probably saving for retirement at work through a 401(k), and/or on your own through an Individual Retirement Account (IRA). You have experienced the euphoria of stock market highs, and the devastation to your portfolio(s) during a market downturn. As you look toward retirement you may be wondering if there are more predictable and reliable streams of income which could provide protection in case of inevitable economic downturns, while mitigating reliance on Social Security in the future.
Fixed Income Annuities are one way to help create a guaranteed income stream; and in some cases, help accumulate additional retirement savings. An annuity is an insurance product designed for retirement in which you have an agreement with an insurance company that lets you put away money for retirement in a lump sum or through regular periodic payments in return for payments to you immediately or in the future, and for the rest of your life. There are three types of fixed income annuities: immediate annuities, fixed deferred annuities*, and fixed indexed deferred annuities*.
As an independent agency, LionCrest Insurance Advisors has access to several carriers which will allow us to provide you with unbiased options to structure the best fixed income annuity solution in order to provide protection for a portion of your current or future retirement income needs. Determining the type of annuity product that meets your needs does not have to be difficult. Let LionCrest Insurance Advisors independent expertise and client-focus help determine your best solutions for Life. Contact us today to learn more.
*Due to licensing requirements, agency risk management philosophy, and the volatility and uncertainty of future market returns, LionCrest Insurance Advisors, LLC only recommends fixed income annuities. Fixed income annuities (either immediate or deferred) have no cash value and once issued they can’t be terminated (surrendered). The original premium paid is not refundable and cannot be withdrawn. With any annuity, distributions may be subject to ordinary income tax and a 10 % IRS penalty if taken prior to age 59 ½. Guarantees in an annuity are backed solely by the claims-paying ability of the issuer. LionCrest Insurance Advisors, LLC and their respective employees, representatives, and/or insurance agents do not provide tax, accounting, or legal advice. Please consult an independent advisor as to any tax, accounting, or legal statements made herein.