Can I receive a guaranteed income for life with an Annuity?

Your annuity can be structured to pay out as a lump sum, for a fixed period of years, or even for the rest of your life, giving you income that you can’t outlive.

I have heard that the rate of return for Annuities is not competitive with the market. Is this true?

Annuities have a competitive rate of return. Most annuities return at a rate equal to or greater than Certificates of Deposit (CDs).

I don’t want to lose all of my retirement income. Annuities are an investment so does this mean that I could possibly lose all of my money?

You have zero risk. With a guaranteed minimum rate of return of 3% to 4%, you’re guaranteed to turn a profit no matter what.

I am sick and tired of paying so many taxes. Am I going to get taxed on any interest I earn like CDs or other market investments like stocks and mutual funds?

Contributions to your annuity are not taxed until you withdraw.

As I get older health and health care costs are becoming more of a concern. Does setting up an annuity mean I will not qualify for government health care programs?

Your annuity can be structured to shelter assets, allowing you to qualify for Medicaid more easily without sacrificing quality of life.

I want to be able to leave my money to whom I feel appropriate and I heard CDs can get caught up in probate. Can annuities get caught in probate as well?

By naming a beneficiary, your annuity can bypass the lengthy and potentially expensive probate process.

If I want money for living expenses or just to go on a trip, annuities don’t allow this do they?

You can withdraw money from your annuity when you need it, subject to certain limitations.