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.
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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.
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Call us today at (305) 928-4888 to learn more about planning your future with an annuity.
Annuity Options
Immediate 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.
Deferred Annuity:
A deferred annuity has two different phases.
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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.
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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.