An important part of my responsibilities as an insurance professional is educating the public on the value of annuities and the ways they can contribute to a financially secure retirement.
First of all, there are several types of annuities. The particular annuities that I market, offer guarantee of principal, tax-deferral, handsome compounding due to the tax-deferral, easy access and a guaranteed income for life if one chooses. I do not represent the types of annuities that can lead to unprotected principal, taxes or fees. We prefer safety – the old adage a “bird in hand is worth two in the bush”. Our ability to recuperate a loss plus what the potential earnings could have been(often referred to as lost opportunity) is just not going to happen – particularly in retirement years.
In today’s world there is the need for guaranteed income in retirement. Fewer companies are offering pension plans and with increasing life expectancy, retirees face a growing gap between income they can count on and expenses they expect to face after they stop working. Business owners that are used to the “expense account” that was a part of their culture, now have expenses and lifestyles that require after tax dollars. The inflation on goods and services also continue to grow. What seems like a large safe amount of cash today soon depletes as inflation continues.
Annuities can offer predictability, no direct downside market risk, and the potential for guaranteed income — attractive benefits to clients searching for ways to leverage assets and build a more stable and quality future.
We are an independent insurance agency started 40 years ago, here in Des Moines. We are very particular about the companies that we choose to represent. EMC National Life Company is over 100 years old – local – here in Des Moines, IA. They are quality through and through.
Recent Comments