Annuities

Planning for the future with annuity coverage

An annuity is an insurance product that’s mostly used as a part of retirement strategy. Annuity products are largely chosen by investors who want to receive a steady income stream in their retirement.

Types of annuities that we offer

There are two main ways to categorize annuities: immediate vs. deferred annuities and fixed vs. variable annuities.

  • Immediate Annuity vs. Deferred Annuity: Under immediate annuity, you will get guaranteed payments that begin soon after you make your initial payment. Unlike immediate annuity, deferred payment puts off your income payments for a period of time allowing the invested money to earn tax-deferred interest.
  • Fixed annuity vs. Variable annuity: With a fixed annuity, money is placed in fixed-rate investments such as bonds, where it will earn a fixed interest rate for a certain period of time. In contrast, under variable annuity money is placed in market-based investments such as stocks, bonds, mutual funds or money markets.

We’ll take care of that

Call us at 231.941.0450 or send us an email at info@fordinsurance.net to learn more information on insurance annuities. Our resourceful insurance professionals will help answer all of your questions.

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