Annuities
[container] An annuity is a unique and powerful financial vehicle allowing you to save for the future, making it an additional source of income to meet your financial expectations. It can round out your retirement plan while protecting your earnings and savings. And, ensure financial support for loved ones upon your death. The unique needs of your family and your own goals are a primary consideration for selecting the right annuity plan for you and your family. LifeCentra can help you compare the various options, and pick one to fit your financial goals. [/container]
There are several choices of annuity products available, and they include:

Deferred Income Annuity

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Myth – “Annuities are very expensive”
Fact – Higher fees and commissions only tend to be attached to complex annuity plans with many variables.

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Call us at 916-746-7888 to learn more and schedule your one-on-one meeting with our expert. Use our guaranteed monthly estimator to calculate your monthly income from a deferred income annuity.

Single Premium Immediate Annuity

A single premium immediate annuity is a useful tool to plan your retirement income. You make an upfront premium payment in return for receiving periodic income throughout your lifetime. Some annuities provide a guaranteed sum as payment (fixed annuity), others; the amount you receive may change depending on the performance of a mutual fund (variable annuity).

Myth – “Annuity guarantees are not reliable”

Fact – As long as you invest with trusted annuity providers, you should not face any fear of losing your investment.

A fixed annuity is typically more appealing, as they are predictable and allow you to simplify your retirement planning. You can also make higher withdrawals from a fixed annuity, or opt for inflation-adjusted fixed annuity that offers a larger payout every year in return for a higher premium.

WE ARE HERE TO HELP

Call us at 916-746-7888 to learn more and schedule your one-on-one meeting with our expert. Use our guaranteed monthly estimator to calculate your monthly income from a deferred income annuity.

Fixed Deferred Annuity

A fixed deferred annuity is a low-risk, predictable solution for retirement planning, since it operates at a fixed interest rate and offers tax-deferred benefits. You choose between income options depending on your requirements, with guaranteed income for your lifetime or a specific term. Some annuities can be a combination of both.

Myth –“Annuity returns do not keep up with inflation”

Fact – As long as you pick a plan features designed to deal with inflation, like cost-of-living adjustments, you’re good to go.

Your investment is protected from stock market fluctuations, so it grows in value over time, on the provision that you do not take distributions. These annuities also carry a fixed rate of interest, and the accumulated money remains free from income tax regulations. As the interest is compounded, the money increases in value steadily and you typically only pay taxes at the time of a withdrawal.

WE ARE HERE TO HELP

Call us at 916-746-7888 to learn more and schedule your one-on-one meeting with our expert. Use our guaranteed monthly estimator to calculate your monthly income from a deferred income annuity.

Income Annuity

An income annuity is designed to convert a chunk of your retirement savings into a guaranteed income stream. As the policyholder, you decide when and how often you receive payments. You can choose whether to receive payments over the course of your entire life or a predetermined time period.

Myth – “My investment will be wasted if I die early”

Fact – Other than ‘life only’ annuities, most other plans provide your beneficiaries with death benefits and/or continued payouts for a fixed period.

Depending on the type of income annuity, distributions may begin immediately or at a later date. Being long term, you are offered little to no liquidity, but an advantage is that it will operate without being affected by the in the financial markets. With income annuity, as a retiree, you end up with a dependable and regular source of income, helping you take care of expenses once you stop receiving paychecks.

WE ARE HERE TO HELP

Call us at 916-746-7888 to learn more and schedule your one-on-one meeting with our expert. Use our guaranteed monthly estimator to calculate your monthly income from a deferred income annuity.

[div customclass=greywidget] Why do I need an annuity? While life insurance acts as a financial safety net to help your loved ones carry on meeting expenses in case of your death, annuities help you do so while you’re still alive. They ensure you don’t out live your savings, easily plan your retirement and protect your family’s financial security upon your death. Fast Fact – Healthcare expenses for the average over-65 American range between $250,000 for a 20-year retirement, to double of that for 30 years. How much coverage do you need for the future? >[/div] [div customclass=greywidget]7 Here's how an annuity works: you make an investment in the annuity, and it then makes payments to you on a future date or series of dates. The income you receive from an annuity can be doled 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. Not sure what type of annuity is right for you? Contact Us to Receive Expert Advice (this will loop to the contact us page)[/div]  
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