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The Los Angeles Annuity Specialists

As Los Angeles annuity experts, we can tell you that an annuity is a versatile combination of both a retirement plan and an investment strategy that you might want to look into if you seek a unique investment product that can serve several purposes at once. Annuities typically pay out funds gradually to a retiree throughout retirement after an initial lump sum payment from the purchaser. However, they can also be designed with the additional functions of providing benefits to a designated beneficiary upon the death of the annuity holder—much like a life insurance policy—or increasing in value with tax deferral. Family First, a Los Angeles annuity Specialist, can help you choose the right plan for your retirement and planning.

The three most common types of annuities are fixed annuities, indexed annuities, and variable annuities. A fixed annuity puts out payments of a predetermined amount and features a minimum guaranteed amount of earnings on the funds it includes. The returns of a fixed annuity are more easily determined beforehand, and a fixed annuity’s performance is more detached from overall market growth than that of a variable or indexed annuity. A variable annuity does not guarantee a certain return on the original investment and therefore entails more risk than a fixed annuity. However, a variable annuity has the potential to earn more money overall. Indexed annuities provide something of a halfway point between fixed annuities and variable annuities, guaranteeing returns to a certain extent, but also offering the potential for growth depending on the performance of the various investments the annuity includes.

While annuities are a versatile financial product, they are also highly complex, include a variety of options and features, and have a tendency to be misunderstood. Contact the knowledgeable Los Angeles annuity professionals at Family First Insurance Solutions for an in-depth explanation of this financial product. Call us at 877-797-6066.