Nowell Agency, Inc. > Insurance News > What to Know About Annuities 2021

What to Know About Annuities 2021

Whether you’re just starting out as an adult on life’s journey, or nearing the golden age of retirement, planning for your financial future is vitally important. Many people turn to an annuity or guaranteed monthly income for life plan to ensure their financial security throughout retirement.

A guaranteed income for life may sound like an ultimate dream come true. Yet this can be a reality for you with the proper financial planning. Investing in guaranteed income for life gives you options in retirement or in an untimely job loss prior to retirement. For many people, their only source of financial stability is a job and if they were to lose that job, they might not have any other way to provide for themselves or their families. Guaranteed incomes or annuities drastically change this and provide you peace of mind in knowing that no matter what happens, you will be taken care of.   

What Is Guaranteed Income Annuity?

Annuities are a great way to get a guaranteed, stable income for life. Annuity products give you the option of receiving monthly payments for your entire retirement or for a specified number of years. 

best company near me for guaranteed income for life


How Does a Guaranteed Income Annuity Work?

One of the most common questions we get at the Nowell Agency from people is “should I save or invest?” One of the best ways to answer this question is to look at what you want your money to do for you. It’s a good idea for some people to just put their money in a savings account, but if you’re looking for a guaranteed income stream that will last throughout your entire life, then guaranteed income investments might be better. 

How does a lifetime annuity work? You’ll purchase an annuity plan from an insurance company which will be returned to you in the form of payments upon retirement. From the time of purchase, your investment accrues interest that is distributed throughout your payments. To determine your guaranteed lifetime income annuity amount, simply contact Nowell Agency. We’ll help you plan ahead with our guaranteed income annuity calculator and determine exactly what you need to invest for the financial future you want! 

Advantages of Guaranteed Income Stream for Life

Lifetime income investments can provide monthly payments and dividends that are much higher than those from savings accounts. You also minimize risk as an investor because although there are many different types of investment opportunities available, those also come with varying degrees of risk and reward potential. A lifetime annuity plan is a safe way to invest your money in yourself and gain a little interest along the way!

Best Guaranteed Income for Life Agency Near Me

With so many people today living paycheck-to-paycheck, it’s just smart money management to plan for your retirement. One way to accomplish this is to meet with a Nowell Agency guaranteed income for life advisor and to set up an income stream for life. That way you can guarantee a steady stream of monthly income for the rest of your life without having to work forever! Want more information? Click or contact the Nowell Agency today to speak with a qualified annuity insurance agent who can assist you with your retirement planning. Give yourself the gift that keeps on giving…for a lifetime! 


The Nowell Agency is committed to providing you with fast and efficient service. If you would like a quote on any of our products please complete the short form below and click submit.

Get A Quote Form



    The Nowell Agency has been my primary agent for many years and they are attentive, well-staffed, and easy to talk to. Their agency has helped me through state to state moves and career change and kept my assets covered.

    James G.

    My very first insurance experience was when I bought my first house and I called the Nowell agency for a quote. I had no idea what I needed or how much and they were so very kind and knowledgeable and explained everything to me in detail which I so much appreciated. That has been 4 years ago and im still a customer never plan to leave.

    Ashleigh D.

    I have been very pleased with the quick and professional service by the Nowell agency. My agent was very efficient at locating a policy that met my needs and budget. Thank you to Kristy and the Nowell agency for providing me with fantastic customer service. I highly recommend this agency. You will not be disappointed.

    Tripp W.


    cheap cyber insurance near me

    Cybersecurity Tips for Online Shopping 


    December 08, 2022

    It’s the most wonderful time of the year to shop for your loved ones and the ever-increasing trend is online shopping. However, it’s important to remember that online holiday shopping can also expose your data to potential cyber threats. Experian reports that 43% of identity thefts occur while holiday shopping online. Thankfully, there are steps […]

    6 Tips for Saving Money on Teen Auto Insurance 


    November 19, 2022

    As the teenage years approach, parents across Amer...

    How to Prepare for a Recession: 5 Tips for Small Businesses


    November 19, 2022

    The U.S. annual inflation rate just reached a 40-y...