Invest in Yourself and Your Family with Annuities
When you work with our Arkansas-based team at Premier Financial Agency, you will have a full understanding of what annuities are and how they can benefit you. Our private agent will walk you through every stage of the process to ensure you have a full understanding. Unlike some agencies, we do not just sign you up for something and leave. We follow up with each client to ensure you are adequately covered for each stage of life.
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What is an Annuity and why are they an important retirement Planning Vehicle?
An annuity is a financial product designed to provide a steady stream of income, typically during retirement. It is a contract between an individual and an insurance company, where the individual makes either a lump sum payment or a series of payments in exchange for guaranteed future payouts. Annuities can be structured in various ways, including fixed, variable, and indexed options, allowing retirees to choose a plan that aligns with their risk tolerance and income needs.
Annuities are an essential retirement planning vehicle because they offer financial security and predictability in retirement. Unlike other investment options that may be subject to market fluctuations, many annuities provide guaranteed income for life, ensuring that retirees do not outlive their savings. Additionally, annuities offer tax-deferred growth, allowing individuals to accumulate wealth more efficiently over time. For those seeking a reliable source of income beyond Social Security and pensions, annuities serve as a powerful tool to maintain financial stability and peace of mind throughout retirement.
Indexed Annuity
If you are in your money accumulation phase of life, we suggest an index annuity. This type of annuity pays you more based on the stock markets. It gives you the chance to accumulate more money while the markets are doing well.
Fixed Annuity
Unlike an index annuity, which pays based on the market, a fixed annuity is based on a set rate. The guaranteed interest rates are great for people who have retired or are about to retire. A fixed annuity is a safe option when you don’t want to risk investing in the stock market.
