How Retirement Annuities Work

An annuity is a financial contract between an insurance carrier and a purchaser. In general, the purchaser is either an investor or a retiree.

You can purchase annuities via monthly payments toward the principal amount or through a lump sum. In return, income will be paid out through either a one-time sum or a series of regular payments. The purpose is the provision of a guaranteed income stream.

These financial products are set up over a particular length of time, or conditional to the annuity holder’s death. Annuities are tax-deferred, which means that they are not subject to taxation until you withdraw them. They also generate interest over time.

United Bridge Insurance Services’s Full-Range Annuity Insurance Carriers

When buying an annuity, you have a multitude of options for carriers and companies, both private and public. Insurance companies, banks, credit unions, and other financial groups are just some examples of reputable companies that sell annuities.

United Bridge Insurance Services’ agents will browse through all annuity sellers on your behalf, locating the most suitable options. Our team will compare and contrast the various options and find the best products for your needs. We’re happy to show you the advantages of securing your financial future.

Most Affordable Annuity Investments

Annuities are characterized by their premium payments and administrative and management fees. Our agents understand your need for secure yet affordable solutions and can pinpoint your most cost-effective choices.

These plans are also available in fixed, variable, and indexed options. We’ll evaluate both your present circumstances and future goals to help you choose the right product for you. Rest assured, we offer some of the best annuity rates in the local area.

Best Annuities from Leading Insurance Agents

We are proud to be recognized as a leader in insurance agency. Our team works for you, not for a particular carrier, and we can offer truly impartial advice and suggestions. We have years of experience in the industry and possess all relevant credentials and qualifications.

We are your one-stop shop for all your insurance needs.

Prepare for the Future with an Annuity Fund

United Bridge Insurance Services is your top source for annuity expertise. You can count on our in-depth knowledge of insurance products, unbiased advice, and exceptional customer care.

We have the experience and resources to help you shop all your options, streamlining the annuity purchase process. With us by your side, we guarantee that you’ll make the best decision.

Contact us now at (888) 747-2477 to inquire.

Frequently Asked Questions About Annuities

1. How can annuities help with retirement?

Annuities can provide a reliable income stream, ensuring you have consistent funds throughout retirement. Unlike other investments that may fluctuate, an annuity offers predictable payments, helping you manage daily expenses and enjoy financial security in your later years.

2. Do I need an annuity?

If you desire a steady income that won’t be affected by market ups and downs, an annuity might be right for you. It’s especially useful if you want to supplement your other retirement savings, like a 401(k) or IRA, ensuring you won’t outlive your money.

3. What types of annuities are available?

• Fixed Annuities: Provide guaranteed payments.

• Variable Annuities: Payments depend on investment performance.

• Immediate Annuities: Payments start right after a lump-sum payment.

• Deferred Annuities: Payments begin at a future date, allowing investments to grow.

Each type suits different needs and risk preferences, offering various ways to secure your retirement income.

4. What are the benefits of annuities?

Annuities grow tax-deferred, meaning you don’t pay taxes on earnings until you withdraw. They can provide a lifetime income, offering peace of mind. Additionally, some annuities offer benefits for your heirs, ensuring your legacy.

5. What are the costs associated with annuities?

While annuities offer many benefits, they come with costs like administrative fees, surrender charges (penalties for early withdrawal), and investment management fees for variable annuities. It’s important to understand these costs and how they impact your returns.

6. Are annuities safe?

Annuities are generally safe investments, especially fixed annuities, which are not exposed to market risks. The safety largely depends on the financial strength of the insurance company issuing the annuity. Researching the insurer’s stability is crucial.

7. What should I consider when buying an annuity?

When considering an annuity, think about your long-term financial goals, your need for guaranteed income, and your comfort with potential risks. It’s also important to review the terms and fees associated with the annuity and the reputation of the insurance company.

8. What happens to my annuity when I die?

Many annuities offer death benefits, allowing any remaining value to be paid to your beneficiaries. This can be in the form of a lump sum or continued payments, depending on the annuity terms. It’s a way to ensure your loved ones are taken care of.

9. Where can I purchase an annuity?

You can buy annuities through insurance companies, financial advisors, or directly from insurers. It’s important to consult with a financial professional who can help you understand which annuity best fits your retirement plan and financial situation.

Contact us now at (888) 747-2477 to inquire.