Annuities are investment products issued by insurance companies that can be used to diversify your portfolio and help build a guaranteed income stream or a retirement nest egg. It’s like being able to create your own pension fund or IRA. Annuities come in many varieties, helping investors reach diverse retirement goals. Being ready for retirement and meeting your other financial goals doesn’t just mean you’ve saved enough money. It also means feeling confident because you have the guaranteed income you need.

Types of Annuities

  • Immediate annuity – A lump sum of money is converted into a stream of income
  • Deferred annuity – Stream of income payments that start sometime in the future
  • Fixed indexed annuity – Based on an index growth with a downside risk protection element
  • Variable annuity – A higher-risk annuity that provides the potential for more earning
  • % Fixed – Your investment grows based on a guaranteed rate of return

Key Takeaways

  • Insurance product designed to provide guaranteed income for life
  • Multiple insurance types that determine when and how much your payment will be
  • Principal protection with the ability to provide income to your beneficiary
  • Can structure an annuity to help cover long-term care needs
    Earnings grow tax deferred and only taxed when withdrawn

Dallas' Best Annuities Broker

Keen Coverage LLC is a rapidly growing independent insurance agency that is part of a family of companies that help individuals and business owners beyond providing an insurance risk solution. At Keen Coverage, we strive to build relationships with our customers by understanding them, their family members, their venture and objectives. Then, we develop a range of personalized solutions to meet the individual needs of each client.

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Keen Coverage

It is our job to shop multiple insurers on your behalf. We will invest the time to get to know you and your family’s background so that we can offer a full insurance plan.  This includes health, life insurance, long term care, disability, business, and surety policies.