Annuities

“Annuity” means providing payments to the insurance policy holders at specified intervals.

Retirement Annuities are designed in three different categories – fixed, indexed, and variable. Inside of a fixed annuity, the insurance organization agrees to cover you at the very least a particular interest rate in the period that your account is growing. The insurance company additionally agrees the intermittent fees will be a specified amount per dollar inside your account. These routine payments take a certain period, such as twenty years, or an indefinite period, such as your life or the lifetime of you and your partner.

In an indexed annuity, the insurance carrier credits you using a return that’s dependent on modifications in an index, like the S&P 500 Composite Stock Price Index. Indexed annuity contracts offer that the commitment value won’t be any less than a given minimum, no matter what index performance.

In the variable annuity, you are able to decide to devote your purchase payments from amongst a range of diverse investment selections, generally mutual funds. The rate of return on your purchase payments, and the amount of the periodic payments you eventually receive, vary depending on the overall performance of the investment options you’ve selected.

Lange Life Insurance has the experience to help you with annuities. Whether, it is fixed, indexed, or variable. They could do it all and will not disappoint you.