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Annuities

Because of the complexity of annuities and all the features that are available it is important to speak with a financial professional to see if an annuity is suitable for your circumstances.

What is an annuity?

An annuity is a financial vehicle that is designed to help you prepare for retirement. An annuity is a contract between an insurance company and you. You pay the insurance company premium and in exchange you get benefits an annuity can provide.

Why an annuity?

Annuities have many valuable qualities about them. One in particular is they offer a tax-defferred growth when you are saving for retirement. Also you can structure these in all different ways including payments for the rest of your life.

They can be designed in many different ways and for many different purposes. Some of these include lifetime income, inflation protection, enhanced death benefit, transfer wealth to your beneficiaries, and other options that are available for an extra cost.

The different types of annuities

Everyone's situation is unique and have different needs or goals. Because of this, there are many different types to choose from. Let's explore these below.

  • Fixed annuities provide a fixed interest for a specified period of time.
  • Fixed index annuities gain potential interest off of an external index based on the changes, but without ever participating in the market.
  • Variable annuities have a greater potential of returns based on the investment options you choose. They are invested in the market so they will experience ups and downs which means you could lose money, including your principal.
  • Index variable annuities let you experience the market gains and offer a level of protection against a market downturn.

The Medicare Exchange Lakewood Lynnwood Beaverton

Tacoma Branch

6004 Westgate Blvd, Suite 120
Tacoma, WA 98406
Phone: 253-244-5520

Lynnwood Branch

19031 33rd Ave West Suite 314
Lynnwood, WA 98036
Phone: 425-678-1251
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