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A fixed index annuity is a contract between you and an insurance company that may help you reach your long-term financial goals. In exchange for your premium payment, the insurance company provides you with income, either starting immediately or at some time in the future.
Most fixed index annuities have two phases. First, there’s an accumulation phase, during which you let your money earn interest. This is followed by a distribution or payout phase, during which you receive money from your annuity. Your annuity can earn a fixed rate of interest that is guaranteed by the insurance company, or an interest rate based on the growth of an external index. With a fixed index annuity, you defer paying taxes on your contract’s interest until you receive money from the contract. This tax deferred growth in your asset can really add up. These annuities provide for additional growth in value by sharing in stock market growth, often without market risk. Fixed index annuities vary in their benefits depending on the company offering them. To understand which fixed index annuity may be right for you, give us a call today. Benny Levy 303-946-8992 [email protected] Insurance in Denver Colorado
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Have you thought about how your passing will affect your family’s financial life? During this time of grief, you want to make sure that loved ones won’t have to worry about paying for your final expenses. Funeral expenses alone can exceed $10,000 in most states and final medical expenses can add thousands more. Final expense or so called “end-of-life” insurance policies can provide you and your family with peace of mind. These “end-of-life” policies cover your final funeral, legal and medical expenses, and they are a type of whole life policy. They offer affordable premiums, fixed interest rates, and can never be terminated due to age. You will have to answer a few – or in some cases no – health questions to qualify and most offer a free “Accelerated Death Benefit Rider” that allows you to access up to 50% of the death benefit while alive. To find out more about final expense insurance, call us today. Benny Levy 303-946-8992 [email protected] Insurance in Denver Colorado These days it’s tough to decide to stay invested in the stock market, while you hope for gains… but fear a market loss. A Fixed Indexed Annuity can offer you protection against stock market losses, while offering you the potential to profit from the market’s gains. Indexed annuities offer a minimum guaranteed interest rate, combined with an interest rate tied to a stock market index, such as the S&P 500 or the Dow Jones Industrial Average. So, instead of counting on the performance of a single stock, you can select a single index for your funds or spread your dollars across several indexes. Depending on the annuity, some crediting strategies allow for greater upside potential, while others lock in a gain up to a certain percentage. Most importantly, while you’re free to participate in market gains, you will never lose a dime due to market loss. Fixed Indexed Annuities are a great way to diversify your portfolio, mitigate risk, and stay positioned for the next market gain. To find out more about Fixed Indexed Annuities, call us today. Benny Levy 303-946-8992 [email protected] Insurance in Denver Colorado |
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October 2024
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