Grow Your Savings Safely with Fixed Annuity Plans

Secure your retirement with a safe and reliable income stream

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Fixed Plans

Fixed annuities are a type of insurance contract that provides guaranteed payments for a specified period or for life. These annuities offer a stable and predictable income stream, making them a popular choice for retirement planning.

Phases of a Fixed Annuity:

  1. Accumulation Phase: During this phase, you invest a lump sum or make periodic contributions into the annuity. The invested amount grows tax-deferred, allowing you to accumulate wealth over time without paying taxes on the earnings until withdrawal.
  2. Payout Phase: Once you reach the desired retirement age or a specified date, you can begin receiving regular payments from the annuity. These payments can be fixed for a specific period (e.g., 10 or 20 years) or continue for life, depending on the terms of the contract.

Advantages

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Guaranteed Payments:

Fixed annuities offer guaranteed payments, providing financial security in retirement, as they ensure a steady income stream regardless of market conditions.

Tax-Deferred Growth:

Earnings on the annuity grow tax-deferred, reducing your overall tax burden, meaning you do not pay taxes on your investment gains until you withdraw funds. This allows for potentially greater accumulation of wealth.

Death Benefit:

Many fixed annuities include a death benefit,  ensuring that your beneficiaries will receive a payout if you pass away before receiving the full value of your annuity payments.

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