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Secure Your Retirement Income with a Guaranteed Plan

What is an annuity?

Annuities are a popular retirement income product that offers a guaranteed income stream in exchange for a lump sum investment. These financial products provide flexibility in the form of fixed or inflation-adjusted payments, which can be structured to last for a specific term or for the lifetime of the annuitant. For individuals it is important to carefully assess their needs before purchasing an annuity. We suggest that you seek advice from one of our qualified financial professionals at Health & Life Solutions to make an informed decision for yourself.

We offer a variety of annuities, each designed to meet different needs, many of which have tax-deferred growth. Whether an annuity has a fixed rate, enables you to invest in the market, or only requires one payment for you to start getting guaranteed income, the right annuity for you depends on your retirement goals.

Who Is An Annuity For?
Annuities are an ideal option if you’re seeking a secure and predictable income stream during your retirement. Fixed and variable annuities are more suited for those with a longer-term retirement horizon of 10-20 years, while immediate annuities are better for those nearing retirement age and seeking immediate income.

How Does An Annuity Work?
An annuity works by entering into a contractual agreement with an insurance company, which guarantees a steady stream of income during your retirement years. With immediate annuities, payments-for-life can start within a year of purchase, while deferred income annuities offer the flexibility of future payments with a variable premium.

Why Consider An Annuity?
One of the key benefits of an annuity is that it provides a steady income stream, which can help retirees manage their cash flow and avoid running out of money during retirement. It provides peace of mind for investors who are looking for a reliable source of income during their retirement years.

What Are The Main Types Of Annuity?
Fixed Annuity

A fixed annuity is a type of annuity that provides a guaranteed fixed rate of return for a specified period or for the life of the investor. This type of annuity is generally considered to be low-risk because the rate of return is guaranteed by the annuity provider, which is typically an insurance company. The rate of return is typically higher than what you would get from a savings account or a certificate of deposit (CD).

Variable Annuity

A variable annuity is a type of annuity that allows investors to choose from a range of investment options, including stocks, bonds, and mutual funds. The rate of return is not guaranteed and can fluctuate based on the performance of the underlying investments. This type of annuity is generally considered to be higher-risk than a fixed annuity, but it also has the potential for higher returns.

Indexed Annuity

An indexed annuity is a type of annuity that offers a return that is based on the performance of a stock market index, such as the S&P 500. However, the return is capped at a certain rate and there is often a minimum guaranteed rate of return as well. This type of annuity is often marketed as a way to participate in the stock market without the risk of losing money.

Immediate Annuity

An immediate annuity is a type of annuity that provides regular income payments that start immediately after the investor makes a lump sum payment to the annuity provider. The payments can last for a specified period or for the life of the investor. This type of annuity is often used by retirees who want a steady income stream to supplement their retirement income.

Deferred Annuity

A deferred annuity is a type of annuity that allows investors to accumulate funds for a specified period before they start receiving regular income payments. The funds can be invested in a fixed or variable annuity. This type of annuity is often used by people who want to save for retirement but don’t need immediate income.
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