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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! 

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    What to Know About Annuities 2021

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    November 18, 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 […]

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