Are annuities protected? The short answer is yes. Are they used for protection? Yes, it’s not that complicated. Here’s the gist: Annuities are long-term investments that are issued by an insurance company and are designed to help protect you from outliving your income. They provide the benefits of tax-deferred growth potential and a guaranteed income stream throughout retirement.

But not everyone understands how they can fit into a secure retirement, so let’s find out what annuities do and how they work. Today, Bryan will give us the answer as to why annuities are used solely for protection. He’ll also give us a basic overview of the individual nature of annuities.

What You’ll Learn From This Episode:

[3:05] Two people can use the same product in very different ways. 

[5:10] Annuities are for protection.If there’s something you want to protect financially in retirement, then an annuity is a very good tool for the job.

[6:04] There are two types of annuity. It’s either immediate or delayed. 

[12:06] Guaranteed income, market participation, and a guarantee that you will pass all the money to your heirs are the three hallmarks of variable annuities.

Key Quotes:

[3:13] "Individual preferences and circumstances will dictate a different explanation of why one thing works over another."

[8:21] "Your individual preferences direct you towards the product that’s best for you."

Resources:

Annuity Newsletter

Call Annuity Straight Talk at 800-438-5121 or schedule a call at AnnuityStraightTalk.com 

Listen to Episode 5: Annuities and Long Term Care