Stability, volatility control, guarantees, and security are all synonyms for Annuities.
In unsettling times, 1906, 1919, 1929, 1951, 1978, 1982, 1987, 2001, 2008, 2020, and other years the need for stability becomes essential. Strength helps restore confidence is a stress remover and a confidence agent.
Fixed annuities provide those features; they are safe, guaranteed, secure, and have no market risk exposure. As we accumulate funds for retirement, security, a child’s education, and other important life goals, the need for something tangible such as safety becomes an important goal. Too often, we are tempted with yields and returns based on a performance that cannot be measured and cannot be accurately forecasted.
Annuities are contracts with written guarantees in place to provide specific benefits. These benefits can be customized to accomplish a wide range of goals. The combination of guaranteed yields and written contractual provisions provide the basis for safety and security.
Interest rates are guaranteed and insured. These rates are based on various factors and are disclosed in advance of purchasing an annuity. Buying an annuity provides a powerful tool for reaching goals in life that are basic to security.
Every fixed annuity sold in the United States is back regulation provided by each state Department of Insurance. (DOI) The DOI regulates the insurance company’s financial strength and its ability to provide claims-paying power.