Protect Your Savings
We believe that you have worked too hard and your savings is too precious to allow medical expenses not covered by your health plan, a catastrophic illness, your burial, or long term care expenses interfere. That is why we offer products that protect you and your family like annuities. Your investment is guaranteed without the down side of the stock market. In fact, we offer annuities that pay higher than the market rate, guaranteed, with no risk, and a cash bonus up front!
An annuity is a long-term contract you purchase from an insurance company. It is designed to help accumulate assets to provide income for retirement. Annuities do have limitations. If early withdrawals occur penalties may apply and earnings are taxable as ordinary income and may be subject to a 10% federal tax penalty if withdrawn prior to age 59½.
Senior Financial Group offers two types of annuities:
Fixed annuities are essentially CD-like investments issued by insurance companies. Like CDs, they pay guaranteed rates of interest, in many cases higher than bank CDs.
Fixed annuities can be deferred or immediate. The deferred variety accumulate regular rates of interest and the immediate kind make fixed payments – determined by your age and size of your annuity – during retirement.
The convenience and predictability of a set payout makes a fixed annuity a popular option for retirees who want a known income stream to supplement their other retirement income.
Equity-indexed annuity is a combination of a fixed and a variable annuity. The marketing pitch usually goes something like this: Equity-indexed annuities give you the best of both worlds.
Guaranteed return: As with a fixed annuity, you get the low-risk appeal of a guaranteed minimum return (usually 2% to 3%).
With some upside: But, as with a variable annuity, you also have a shot at higher gains if the stock market rises, since an equity indexed annuity’s return is also tied to the performance of a benchmark index, such as the Standard & Poor’s 500.
Senior Financial Group is here to help!
With 30+ years of experience Senior Financial Group wants to help you find the best annuity option for your needs. We understand how confusing this process can be, which is why we are here!