Why Purchase an Annuity?
An annuity is a good investment option for individuals willing to take a more significant risk in hopes of earning a bigger payout. You can use your earnings for supplemental income during retirement, guaranteed financial independence as you age, or a legacy to leave behind for your loved ones. An annuity can allow you to continue living comfortably well into retirement with the right guidance.
Unlike other investment plans, there are no limitations to how much you can invest with an annuity. Comfort Insurance & Finances agents can help you understand and choose the right solutions for your annuity investments.
Call us today at (305) 928-4888 to learn more about planning your future with an annuity.
An immediate annuity can start paying you as soon as it begins. You can choose if you want your income guaranteed for a certain amount of time or if you want to receive lifelong payments. Your payments will be calculated based on your life expectancy and principle.
A deferred annuity has two different phases.
Accumulation is when you add money to your annuity for your retirement or other financial gains. You can choose to pay in a lump sum or make a series of payments that work better for your financial situation. This can continue to let your account grow tax-deferred for an unlimited period.
Distribution is when you begin withdrawing money from your annuity. You can take out systematic withdrawals or annuitize to supplement your finances with a regular income stream for life.