Fixed Annuities

Have you started to seriously consider what your finances look like in the future?

Have you planned out how to ensure a confident retirement and a future for your family that is financially sound?

It takes time and effort to navigate the world of finances. Deciding where your hard-earned capital should be placed is a difficult question to answer. At The Lloyd Group, Inc., we help people discover the answers to these and many other questions about financial products, such as annuities and life insurance, every day. As financial professionals, we will help you balance your financial future.

Many of our clients choose fixed annuities as solutions to their retirement income source. The specifics of fixed annuities are unfamiliar to most people, at first, but don’t let this dissuade you from pursuing this option. We can teach you everything you need to know about this product to help you determine if it is a good fit for your circumstances.

What Are Fixed Annuities?

An annuity, similar to an insurance policy, is a contract between an individual and a financial institution. The annuity owner pays a premium to the financial institution that will, at a predetermined time, be returned to the annuity owner, along with the additional value of any interest the annuity has earned. The annuity owner may pay their premium in installments or as a lump sum, and the value of the annuity may be paid back in installments or as a lump sum, as well. Fixed annuities take their name from the interest rates that are locked in at the time of purchase. Since fixed annuities are guaranteed by the claims-paying ability of the issuing company, they provide the owner with a degree of safety and predictability. They provide a pre-determined return with minimal risk.

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We can teach you everything you need to know about this product to help you determine if it is a good fit for your circumstances.

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Advantages of Fixed Annuities

Fixed annuities have been touted for years as a unique investment strategy because of their advantages. A few are listed below:

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Safety and predictability

As the owner, the money in your contract is guaranteed by the company that holds your contract. With a fixed interest rate, you know exactly what to expect from this asset.

Tax deferral 

Every penny you put into your fixed annuity will be able to grow tax deferred in your account. You won’t be taxed until you withdraw your money.

Shelter from creditors 

In most cases, creditors cannot touch any money held in annuities. They are also safe from probate proceedings.

More Questions? Call for Answers

If you have any questions about fixed annuities or you’d like to schedule a no-obligation, complimentary consultation, please contact our office today.

We proudly offer the following services to our clients:

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Access Our

Retirement Planning Kit

This helpful retirement kit includes three separate guides that address several topics you should consider when planning your retirement.