Annuities
Serving clients in California, Oregon, Nevada and Arizona, subject to licensing and plan availability.
Annuities and Why You May Need One
An annuity is a financial product offered by insurance companies that provides a steady stream of income, typically during retirement. You make a lump-sum payment or a series of payments, and in return, the insurer agrees to pay you a regular income either immediately or at a future date. Annuities are designed to help manage longevity risk—the chance of outliving your savings. They can provide guaranteed income for life, protect your principal, and offer tax-deferred growth. Some annuities also include features like death benefits for beneficiaries or options for inflation protection.
Why You May Need an Annuity:
- Guaranteed Lifetime Income: Ensures you won’t outlive your money.
- Tax-Deferred Growth: Earnings grow without being taxed until withdrawn.
- Peace of Mind: Reduces worry about market fluctuations or running out of retirement funds.
- Customizable Options: Tailor benefits such as spousal protection or long-term care riders.
Annuities can be a valuable part of a well-rounded retirement strategy, especially for those seeking financial security and predictable income.
A Supportive, No-Pressure Experience
If you’re exploring retirement coverage or supplementing your Medicare benefits, we’re happy to talk with you about whether annuities could fit into your picture. Our job is to give you clear, easy-to-understand information so you can make informed decisions.
Frequently Asked Questions
Are annuities investments?
Annuities are insurance contracts. Types, terms, risks, and guarantees differ.
Can I withdraw money at any time?
Withdrawals may be limited and can trigger surrender charges, taxes, or penalties. Review the contract and your liquidity needs.
What is a surrender charge?
It is a contract charge that may apply when money is withdrawn during a stated surrender period. The schedule and any penalty-free amount vary by contract.
Are all annuity guarantees the same?
No. Guarantees, crediting methods, income options, riders, fees, and surrender terms differ by contract and depend on the issuing insurer’s claims-paying ability.
Questions about your options?
Availability and eligibility depend on your location and circumstances. Contact us to confirm represented options before making a coverage decision.
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