Annuity Expert

Find The Best Annuity Expert For Your Retirement Income Needs

When it comes time to retire, you want to ensure your money will last as long as you do. One way to help achieve this is by investing in an annuity that provides guaranteed lifetime income protection.

There are many types of annuities, so it’s crucial to find the one that best suits your personal finance needs and goals. That’s where an annuity expert with Integrity Now Insurance Brokers comes in.

Our annuity experts are financial professionals who specialize in annuities and can help you choose the right deferred income annuities for your situation.

We are here to help you understand your options and make the best decision for your future income requirements.

What Is An Annuity?

An annuity is a financial product that provides a steady income stream for a fixed period or the rest of your life. Annuities offer several benefits, including:

  1. Tax-deferred growth
  2. Protection against losing your initial investment
  3. Option to leave money to your beneficiaries.

Annuity contracts are customizable, and you can optimize your annuity to help with unexpected expenses such as long-term care costs. They are a great way to retire with confidence and security.

It is vital to obtain expert advice before you purchase an income annuity to understand the pros and cons, available annuity rates, and the differences between a fixed annuity, a fixed-indexed annuity, and a variable annuity.  

An Annuity may be the right retirement strategy for many Americans looking to be protected from market losses; however, others are willing to take on more risk and wish to remain invested in the market.  

Looking for an annuity expert

What To Consider When Looking For An Annuity Expert?

1. Annuity Expertise

When searching for an annuity expert, it’s essential to consider their level of expertise and experience in the field. Look for professionals who deeply understand annuities and insurance products, including:

Annuity experts should be able to provide impartial and accurate information and offer personalized solutions that meet each client’s unique needs. The right annuity expert should have the expertise and experience to help you navigate the complex world of annuities and insurance products, and achieve long-term financial success.

A full-service insurance agency can offer a one-stop solution to ensure you are fully protected as you enter retirement. Your retirement planner helped you save for retirement. We provide the needed annuity advice to protect your retirement savings.

2. Access to multiple annuity companies

As an independent insurance agency, we have access to dozens of top-rated annuities companies. This allows us the freedom to represent our client’s best interest and not the annuity company.

Your annuity expert must have access to multiple annuity companies when looking for the best annuity. Various options allow retirees to compare rates and payouts, ensuring they maximize their income and find the best solution for their needs. 

Integrity Now Insurance Brokers provides access to annuities from over 150 annuity insurance companies, including AIG, Allianz Life, Athene, F&G, Global Atlantic, Mass Mutual, New York Life, MetLife, and Nationwide. This wide range of options ensures that retirees can find the annuity that suits their financial situation.

By comparing rates and payouts, retirees can make informed decisions about their financial future and secure retirement and boost their retirement income.

3. Product offerings

Annuities are financial products designed to provide a steady income stream for the rest of your life. Three types of annuities are available: fixed, indexed, and variable. The suitability of each type of annuity product depends on the individual’s retirement needs and risk tolerance.

  • Fixed annuities are ideal for those prioritizing stable income and low risk.
  • Fixed Indexed annuities are suitable for those wanting market exposure with downside protection. 
  • Variable annuities are best for those who want more control over their investment options and are willing to take on higher risks and excessive fees.

4. Retirement planning approach

Retirement planning can be complex and overwhelming, so working with an annuity expert who can help you navigate the landscape and make informed decisions is crucial. When looking for an annuity expert, it’s essential to find someone who takes a holistic approach to retirement planning, considering factors such as income, expenses, and lifestyle goals.

A trusted advisor can help you create a comprehensive retirement plan that incorporates all aspects of your financial situation, including your assets, liabilities, and risk tolerance. Additionally, an annuity expert should be knowledgeable about the various types of annuities available and be able to provide personalized recommendations based on your individual needs and circumstances.

By working with an annuity expert, you can grow your retirement savings and help you feel confident that you’re making the most of your retirement and achieving your financial goals.

5. Advice and guidance

An experienced annuity expert will have a deep understanding of the industry and be able to provide valuable insights and recommendations. A client-focused approach is crucial, as the expert should prioritize your unique financial goals and needs.

Before buying an annuity, understand the surrender charges, available market index options, fee schedule, and minimum guaranteed interest.

Ask our annuity experts

How Can I Find The Best Annuity Expert For My Retirement Needs?

When it comes to finding the best annuity expert for your retirement needs, there are a few key factors to consider.

  1. First and foremost, it’s crucial to research potential experts thoroughly. Look for professionals with extensive experience in the annuity and retirement planning fields, and check for any relevant licenses.
  2. Read reviews or testimonials from previous clients to understand their expertise and customer service.
  3. Ask about their approach to retirement planning and how they would recommend structuring your annuities for income, growth, and tax advantages.
  4. Be clear about your retirement goals and ask for personalized recommendations considering your unique situation.

The best annuity expert for you will be someone who has the qualifications and experience to provide expert guidance and takes the time to understand your individual needs and goals. 

What Services Do Annuity Specialists Provide?

Insurance Agents who are annuity specialists are financial professionals who specialize in annuities. Generally, the goal of an annuity expert is to help individuals determine if an annuity is a suitable solution for their retirement income needs. 

Integrity Now Insurance Brokers works with various individuals, including

  • Business owners
  • Those approaching retirement age
  • Those who have already retired

One of the primary services that annuity specialists provide is an analysis of an individual’s financial situation and goals. This analysis often includes factors such as the individual’s age, retirement timeline, and current assets and liabilities.

Based on this analysis, an annuity specialist may recommend a specific type of annuity that meets the individual’s needs.

Another service offered by annuity specialists is assistance with selecting specific annuity products. Annuity specialists often have insight into the different types of annuities and their features, such as fixed or variable annuities, immediate or deferred annuities, and lifetime income riders.

Our annuity agents help individuals compare the different options, understand the pros and cons of each, and select a product that suits their specific financial objectives. In addition, an annuity specialist can help individuals understand the various fees and expenses associated with annuities and any potential tax implications.

After an annuity has been selected, an annuity specialist can support individuals as they navigate the annuity product throughout their retirement years. This can include

  1. Managing and rebalancing the annuity portfolio
  2. Monitoring the performance of the investment
  3. Guiding any changes that may be necessary.
  4. Provide education and resources to help individuals better understand the annuity product and how it fits into their retirement plan. 
What Are The Different Types Of Annuities?

What Are The Different Types Of Annuities?

Single Premium Immediate Annuity (SPIA)

A Single Premium Immediate Annuity (SPIA) is an annuity contract typically purchased using a lump sum. With an SPIA, you make a one-time payment to an insurance company, and in exchange, you start receiving regular payments from the insurance company immediately.

The insurance company determines the amount of each payment based on several factors, including your age at the time of purchase, the amount of money you paid, and the contract terms.

SPIAs are often used for retirees to generate steady and predictable income during their retirement years. They can also be a good option for people who have received a large sum from a settlement, inheritance, or other windfall and want to use that money to create a guaranteed income stream. 

Deferred Annuities 

Deferred annuities are long-term investment vehicles that offer investors payouts at a specific future date. Unlike immediate annuities, which provide regular payouts as soon as they are purchased, deferred annuities accumulate funds over time and delay payment later.

The accumulation phase is typically invested in a mix of stocks, bonds, and mutual funds, and the earnings are tax-deferred until the distribution phase. These annuities allow for tax deferral on earnings and can be a good option for those looking to supplement their retirement income. 

Variable Annuities 

Variable annuities can offer various investment options, including death benefits, minimum income payouts, and other protections. However, they come with fees and expenses that can erode returns and may be complex and hard to understand. 

Fixed Annuities 

In a fixed annuity, the insurance company guarantees a fixed rate of return on the annuity investment for a specified period. This ensures a minimum return on investment and protects against market fluctuations. 

Typically, fixed annuities have higher interest rates than traditional savings accounts, CDs, and bonds. The payments are usually made in a lump sum or regular installments over a specified period.

Fixed annuities are considered low-risk investments compared to stocks and bonds. 

What Are The Advantages and Disadvantages Of Annuities?

Annuities can be a valuable tool for retirement planning, providing guaranteed income for life and protection against losing your initial investment from financial losses. They also offer tax-deferred growth and can be customized to help with long-term care costs or leave money to beneficiaries.

However, annuities come with disadvantages, such as high fees, caps on market gains, and limited access to funds. Annuities can also be complex, and it’s essential to understand the terms and conditions before investing.

Whether or not an annuity is right depends on your financial goals and situation. It’s essential to research and consult with a financial expert to determine if an annuity is the best option for your retirement needs.

Annuity Specialist

Why You Need An Independent Annuity Expert

An independent annuity expert for your retirement needs is crucial because they can provide unbiased advice and help you navigate the complex world of annuities.

Integrity Now Insurance Brokers is an independent expert that can help you avoid potential conflicts of interest when working with an advisor limited by local or regional boundaries.

We can also help you structure annuities for income, inflation, growth, return of principal, and tax advantage, and balance your total portfolio to achieve your most important retirement objectives.

Working with an independent annuity expert at Integrity Now Insurance Brokers can help you make the right decisions for your retirement and avoid costly mistakes. We specialize in annuities, Medicare supplement plans (Medigap plans), Medicare Advantage plans, and dental plans for seniors.

Contact us today at 562-735-3553 and see how we can help you plan for retirement and protect your retirement income.