ANNUITIES - RETIREMENT PLANS
Do you want a quiet retirement? ... It's time to take an Annuity !!
Why not make your dreams come true? Thinking that it will be you when you retire ... well, it's time to plan how you want to live your retirement: "without financial worries".
Annuities are often purchased as a support for the moment of retirement and the best thing is that you can do it in a variety of ways, such as simple, early or anticipated, because of disability or because you want to enjoy your last years of life without economic anguish; that is, to be able to generate income for the future.
Keep in mind that only an annuity is capable of generating income that is guaranteed for life.
An annuity is an agreement, a contract by means of which the insurer makes a series of payments on its income in regular time modalities in exchange for the payment of a premium that has been paid in advance.
Usually the term of annuity is related to a contract between you and / or your company and your life insurance company.
TYPES OF ANNUITIES
Deferred Fixed Annuity
Deferred single premium annuities
With Deferred Annuities
Designed to help you accumulate funds for your retirement safely.
You can acquire it through one or several payments, your money earns interest at a fixed rate that will never fall below the minimum rate guaranteed by the issuing company.
The company can pay a current or higher interest rate, but never lower than the guaranteed rate. The interest increases based on deferred taxes until the annuity payments begin or the accumulated fund is distributed.
(SPDA, for its acronym in English) makes a single payment of the premium in exchange for a guaranteed income stream for their retirement years.
It's like buying a life annuity with a single payment for the pensioner, who will not start receiving payments until a future date. Like all deferred annuities, an SPDA has two phases, a savings phase and a phase of progressive income reduction.
This option is ideal if you are looking for a guaranteed retirement income and do not have a large amount of cash available.
In addition, it is financed by periodic payments that can be made annually, semiannually, quarterly, or monthly, through flexible payments.
Known as fixed indexed annuities or indexed policies.
They are deferred annuities that generate interest or provide benefits linked to an external securities index.
An indexed annuity pays interest based on the upward movement of the market index; the losses in the index are ignored. This means that, with an indexed annuity, there is no market risk.