frequently asked questions
We will cover some of the more commonly asked questions about
investment, income, and LTC annuities. If you have any
questions not covered here do not hesitate to call or email
us.
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Q: But aren't annuities risky?
A: The risk depends on the type of annuity. Similar to other investments annuities can be higher risk "growth" or lower risk "investment" and even lower risk "capital preservation." The annuity type you want will be based on what you want it to do. There is even a fixed annuity with long term care benefits.
Q: What are indexed annuities?
A: Indexed annuities are one type of annuity that you can purchase. They will yield a return on your contributions based on a specified equity-based index, for example the S&P 500. The seller of the indexed annuity will have a guaranteed minimum return.
Q: What are fixed annuities?
A: Fixed annuities are similar to your bank's CDs, and no one has lost money on a fixed annuity because both the earnings and principal are guaranteed. They may pay a higher rate than your CD and Money Market account. A fairly good financial instrument for those looking to receive a fixed investment income. We specialize in fixed annuities.
Q: What are variable annuities?
A: The value of the variable annuity will vary depending on the performance of the investment options you choose. The investment options for a variable annuity are typically mutual funds that invest in stocks, bonds, money market instruments, or some combination of the three. Variable annuities are designed to be long-term investments, to meet retirement and other long-range goals.
Q: How does this work?
A: Most clients simply reposition money from an existing
IRA/401, CD, Money Market or Savings Account. You can
use either "qualified" or "non-qualified" money.
You can even add to the annuity later if you wanted to.
Q: What happens to the annuity?
A: It just keeps growing unless either you withdraw from
it or pass away. You can take up to 10% out per year
for the first few years without any surrender fee, after
that you can take as much as you want out, for any reason.
If you should die at any time the annuity money goes to your
beneficiaries.
Q: Can I use my IRA money or one of my old 401k's to fund
the annuity?
A: Yes, it would be simply a rollover to a secure annuity
account.
Q: Can the owner of the annuity and the annuitant be a different
person?
A: Yes, we're finding boomers buying this for their parents
who are either uninsurable or long term care insurance is just
too expensive because of their age.
Q: How do I find out if this is right for me?
A: Thousands of Americans just like you have decided to protect
their nest egg and have long term care benefits with our annuity.
Call us, email us, or use our online form and one of our licensed
certified specialists will answer all your questions.