Security. Simplicity. Satisfaction.

Annuities

 

An annuity is an insurance policy that can accomplish two things, guaranteed income and/or guaranteed interest.  They can help protect against stock market volatility during accumulation years and help prevent against outliving your savings during the retirement years. 

 

Don't worry. We'll guide you through the process of finding the best insurance for your needs.

Is an annuity right for me?

An annuity can provide periodic income and may also provide tax benefits. Call us (860) 785-4854 to discuss if it's the right choice for you.

Pros

Lifetime Income —

Annuitization is always available in any annuity.  This provides a number of income options for whatever you need.

Guaranteed Interest — As simple as it sounds, every policy has a guaranteed interest rate.

Lower/Minimal Risk — Your money will never earn less than the guaranteed minimum interest rate.

Cons

Limited Income Growth — Once you start income, the amount may not go up with inflation.

 

Early Withdrawal Penalties — You may be subject to tax penalties if you withdraw money before the age of 59 ½.

 

Limited Liquidity — While most contracts have free withdrawal privileges, you may be charged if you take more than this amount out during the contract period.

Two types of annuities

Deferred Annuity: This option may be right for you if you're still saving for retirement. It's essentially long-term, tax-deferred retirement savings.*

Immediate Annuity: If you're transitioning into retirement, you'll probably want to go with an immediate income annuity, because the payments begin within 12 months. You can choose guaranteed payments for life, a set period of time, or both.

*There are additional strategies such as income riders, that can be used to provide you with the benefits you need. Call us today at (860) 785-4854.

Once you're covered, we make managing your insurance simple, because we'll be your direct contact for all your future needs, such as making a change to your coverage, getting more information, or filing a claim.

Our carriers

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ABOUT

Connecticut

800 Cottage Grove Rd Bldg 4

Bloomfield, CT 06002

P: (860) 785-4854

F: (844) 273-8775

 

Massachusetts

Northampton, MA 01060

P: (413) 230-6665

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