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Annuities Provided By Our Agency

What does retirement mean to you? You might look forward to time with your grandchildren and a favorite hobby. Or maybe you want to play endless rounds of golf and explore the world. Whatever your goals, they probably depend on a reliable source of income.

And that’s where an annuity can help. They’re insurance products designed to provide you with a way to accumulate tax-deferred savings while you prepare for retirement, and a steady stream of retirement income.

What are Annuities?

Annuities are designed to help you grow your retirement income. They’re long-term contracts from an insurance company where you invest your money. In return for your investment, you get income in the form of regular payments.

An annuity is a long-term investment that is issued by an insurance company and is designed to help protect you from the risk of outliving your income. Through annuitization, your purchase payments (what you contribute) are converted into periodic payments that can last for life.

Investing involves risk, and your investments may lose value. All guarantees and protections are subject to the claims-paying ability of the issuing insurance company, but the guarantees do not apply to any vairable accounts, which are subject to investment risk, including the possible loss of principal.

Types of Annuities

There are several types of annuity products available to choose from. Whether you’re looking for income options, legacy planning tools or spousal protection, your financial professional can tailor a plan to meet your specific goals.

Variable: There’s the potential for more earnings, but you also take on more risk.

Registered index-linked: Exposure to downside risk is limited, and there is potential for increased earnings based on index growth.

Fixed: Your investment grows based on a guaranteed rate of return.

Immediate: Convert a lump sum of money into a stream of income.

Fixed indexed: The potential for increased earnings is based on index growth, but there’s still downside protection.

Riverside, CA

4193 Flat Rock Dr Suite 200-office # 289 Riverside, CA 92505
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Riverside, CA

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Liability
Insured's Damage
Hailstorm
Uninsured Driver
Medical Payments

Liability Coverage

Risk Factors

You cause a minor collision when glare from the setting sun blinds you in rush hour traffic. Damage is relatively minimal, but the other driver says her neck is in pain.

Solution

Liability insurance coverage pays for bodily injury and property damage to another that results from covered losses you cause.

Insured's Damage

Risk Factors

You’re on your way to a ski weekend when you lose traction on an icy road — the impact when you slide into a guardrail damages your SUV’s front fender.

Solution

Collision coverage can help repair your vehicle if it’s damaged — or compensate you for its value if it’s a total loss.

Hailstorm

Risk Factors

A sudden hailstorm cracks your car’s windshield and leaves dozens of dents on the hood, roof and trunk of your vehicle.

Solution

Comprehensive coverage can help when your car is damaged by something other than a collision.

Uninsured Driver

Risk Factors

You suffer minor injuries when another driver runs a red light and clips your car’s rear fender. On top of it all, the driver doesn’t have auto insurance.

Solution

Uninsured motorist coverage covers the costs of your bodily injuries — up to your policy limit – when they are caused by an at-fault driver without any auto insurance.

Medical Payments

Risk Factors

Your son and a passenger are both injured when his subcompact hits a tree.

Solution

Medical payments coverage can help with medical expenses if they’re caused by a covered accident — regardless of fault.

How can Annuities be beneficial for you?

There are several types of annuity products available to choose from. Whether you’re looking for income options, legacy planning tools or spousal protection, your financial professional can tailor a plan to meet your specific goals.

Variable: There’s the potential for more earnings, but you also take on more risk.

Registered index-linked: Exposure to downside risk is limited, and there is potential for increased earnings based on index growth.

Fixed: Your investment grows based on a guaranteed rate of return.

Immediate: Convert a lump sum of money into a stream of income.

Fixed indexed: The potential for increased earnings is based on index growth, but there’s still downside protection.

The risk involved in Annuities

Like any investments, annuities carry risks. For example, if you pass away before the payout period, you miss out on annuity payments. In addition, it may not be easy to take money out of your annuity account after you’ve invested it. Investors should research the insurance company that is underwriting the annuity. Risks include:
  • Missing the income benefit. The idea behind annuities is that you save money now to have an income stream for the rest of your life. You will miss out on that long-term benefit if you suddenly pass away. Some annuities allow you to designate a beneficiary, but they may come with an extra cost.
  • Tying up money you may need. Once you’ve invested your money in an annuity, it can be difficult to access it or cash it out if you suddenly need those funds. For example, some immediate annuities take away access to your principal after you have invested it, even though the payments begin right away.
  • Insolvent insurance companies. Because an annuity is a long-term investment, you’ll want to make sure the company you purchase it from is around for the long term. Investors should investigate the credibility, history, and credit standing of potential annuity providers.
  • Consult us with us to understand annuities better. Contact us today to know more about how annuities can help!

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We extend coverage to individuals and businesses in Riverside, CA and surrounding areas.
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