Licensed Annuity Agents in Daytona Beach, Florida
An annuity is an insurance product that pays out income, and can be used as part of a retirement strategy. Annuities are a popular choice for investors who want to receive a steady income stream in retirement.
Here's how an annuity works: you make an investment in the annuity, and it then makes payments to you on a future date or series of dates. The income you receive from an annuity can be doled out monthly, quarterly, annually or even in a lump sum payment.
The size of your payments are determined by a variety of factors, including the length of your payment period.
You can opt to receive payments for the rest of your life, or for a set number of years. How much you receive depends on whether you opt for a guaranteed payout (fixed annuity) or a payout stream determined by the performance of your annuity's underlying investments (variable annuity).
While annuities can be useful retirement planning tools, they can also be a lousy investment choice for certain people because of their notoriously high expenses. Financial planners and insurance salesmen will frequently try to steer seniors or other people in various stages toward retirement into annuities. Anyone who considers an annuity should research it thoroughly first, before deciding whether it's an appropriate investment for someone in their situation.
Like all Insurance Products, the process on deciding if an Annuity is the best fit for your situation becomes a lot less confusing when you have a dedicated Agent. At Charleston Medicare Agents we work with over thirty companies, and offer both deferred or immediate annuities in several payout structures. We promise to give you the time, patience, and continuing service that you deserve. Our business model is built upon transparency and honesty. We will not advise your investment in a product that does not suit your needs. In addition, our consultations are at no cost to you. Click the link below, and a licensed agent will contact you within 24 business hours to discuss your options.