Brief About Life Insurance Annuity

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Brief About Life Insurance Annuity
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Type of Life Insurance Annuity
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The Difference between Annuities and Life
Insurance

• An annuity is a type of policy issued by an
  insurance company that allows you to save money
  for retirement. The money you pay in can be
  either a lump sum or a number of payments. These
  contributions then earn interest, generally
  tax-deferred, and after a period of time, provide
  you with a stream of income.
• Both annuities and life insurance should be
  considered in your long-term financial plan
• life insurance provides economic protection to
  your loved ones if you die before your financial
  obligations to them are met, while annuities
  guard against outliving your assets.
• An annuity is a long-term contract you purchase
  from an insurance company. It is designed to help
  accumulate assets to provide income for
  retirement. Annuities do have limitations. If
  early withdrawals occur penalties may apply and
  earnings are taxable as ordinary income and may
  be subject to a 10 federal tax penalty if
  withdrawn prior to age 59½.

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How do annuities work?

• Annuities are flexible so you can choose one that
  enables you to
• Invest a lump sum or invest over a period of
  time
• Start receiving payments immediately or at
  some later date
• Select a fixed, variable or indexed rate of
  return

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What type of annuity could fit into your
investment plan?

• Variable
• Immediate
• Fixed
• Fixed Indexed

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Type of annuity whose features work for your
situation

• Variable - With a variable annuity, you choose
  investments and earn returns based on how those
  investments perform. You can choose investments
  that offer different levels of risk and potential
  growth, depending on your investment goals and
  tolerance for risk.
• Immediate - An immediate annuity is usually
  purchased with a lump-sum and guaranteed income
  starts almost immediately. Your investment
  converts into a guaranteed stream of income that
  is irrevocable once payments begin. In some
  situations, funds can be accessed, but some
  restrictions apply.
• Fixed - With fixed annuities, the principal
  investment and earnings are both guaranteed and
  fixed payments are made for the term of the
  contract.
• Fixed Indexed - This special class of annuities
  yields returns on contributions based on a
  specified equity-based index, such as the SP
  500.

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Need Advice Contact US

• EFC Wealth Management Firm
• 6080 Center Drive, 6th Floor , Los Angeles, CA
  90045
• Contact us [phone]

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References

• efcwealthmanagement.com