Retirement Income protection for Life.

You have worked hard to get where you 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, for a defined period or more commonly the rest of your life.  There are three types of fixed income annuities: immediate annuities, fixed deferred annuities, and fixed indexed deferred annuities.

 

An immediate annuity provides you an immediate and guaranteed stream of income in exchange for a lump sum of cash.  Immediate annuities have several advantages, such as long-term stability, tax-deferred income, and monthly income payments for the rest of your life.  Immediate annuities are often used in retirement planning to provide income certainty regardless of market conditions, and to fill potential gaps in monthly income needs when social security and pensions are not enough.

A fixed deferred annuity is designed to help you accumulate funds for your retirement.  You purchase a fixed deferred annuity with either a single payment or a series of payments. Your money earns interest at a fixed rate for a specific time (deferral period) and grows tax deferred until you withdraw the money as income.  Because there is no exposure to market risk, your principal is protected.

A fixed indexed deferred annuity offers the opportunity to earn interest that is linked to the changes in the performance of an index.  By tracking the performance of an index to earn interest, you’re in a position to potentially earn higher interest than you would with many fixed interest products but without added risk, because with an indexed product, you are not investing directly in the stock market and thus your principal is protected.

 

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 about all of the Fixed Income Annuity options available to you.  For faster service, please complete the Fixed Income Annuity Quote Form below.

 

 

*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 cannot be terminated (surrendered). The original premium paid is non-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 59½.  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.

 

Fixed Income Annuity Quote Form

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Fixed Income Annuity Quote Form