Simply put, fixed annuities are contracts between the insured or a secondary investor, and the insurance company where the former hands out payments, either on a fixed or monthly basis, in exchange for a set amount of cash in the future. The cash may come in different forms: either as a monthly, yearly, or lump sum payment at a set time hereafter. People planning their retirements as well as those seeking a good long-term investment often use fixed annuities. Companies similar to Puritan Life Financial Group give their clients a great fixed annuity plan, which is best suited for their needs.
Ample knowledge and correct use of fixed annuities can be highly beneficial to your retirement plan. Monthly, yearly, or single payments are made toward an annuity like other insurance products. Many fixed annuities pay out when the insured person retires (also known as an "insured event"). Once that time arrives, the product annuitizes or generates benefits for the buyer. These benefits may be given out monthly, yearly, or in one lump sum. For the most part, annuity holders choose monthly payments from these products to augment their regular income. The money the holder obtains may also be used as retirement income in itself, or as a means to supplement other income sources such as pensions or a 401(k).
The Puritan Life Financial group is one of the leading companies in fixed annuities and has served many clients in making their retirement plans a reality through these tools. Most people use fixed annuities to supplement their existing retirement plans. Many people already have retirement plans in place, but due to the economy, it might be wise to invest in added financial security for the future. A fixed annuity is the best option if you're looking to beef up existing options.
The major advantage of a fixed annuity is that you'll know from the beginning exactly what you can expect per month, per year, or in the lump sum. This is because a fixed annuity will not vary as the market changes. Whether there's a drop or a jump in the market between now and your insured event, you know, right now, exactly what you're getting out of that fixed annuity. This makes fixed annuities a very low risk investment. It also makes them an excellent long-term investment, especially for those who are new to investments. They will provide a guaranteed payout at the end of the investment period, so you'll know exactly how much money you're getting in the future for your investment now.
Puritan Life Financial Group offers the best in fixed annuities and many other financial products in order to help their clients achieve their financial goals. Fixed annuities are an excellent tool to help plan your retirement, as they offer a fixed and guaranteed return. Whether you're looking into using them as a retirement supplement, or an investment vehicle, Puritan Life Financial can help you with achieve your financial goals, no matter what they may be.
Ample knowledge and correct use of fixed annuities can be highly beneficial to your retirement plan. Monthly, yearly, or single payments are made toward an annuity like other insurance products. Many fixed annuities pay out when the insured person retires (also known as an "insured event"). Once that time arrives, the product annuitizes or generates benefits for the buyer. These benefits may be given out monthly, yearly, or in one lump sum. For the most part, annuity holders choose monthly payments from these products to augment their regular income. The money the holder obtains may also be used as retirement income in itself, or as a means to supplement other income sources such as pensions or a 401(k).
The Puritan Life Financial group is one of the leading companies in fixed annuities and has served many clients in making their retirement plans a reality through these tools. Most people use fixed annuities to supplement their existing retirement plans. Many people already have retirement plans in place, but due to the economy, it might be wise to invest in added financial security for the future. A fixed annuity is the best option if you're looking to beef up existing options.
The major advantage of a fixed annuity is that you'll know from the beginning exactly what you can expect per month, per year, or in the lump sum. This is because a fixed annuity will not vary as the market changes. Whether there's a drop or a jump in the market between now and your insured event, you know, right now, exactly what you're getting out of that fixed annuity. This makes fixed annuities a very low risk investment. It also makes them an excellent long-term investment, especially for those who are new to investments. They will provide a guaranteed payout at the end of the investment period, so you'll know exactly how much money you're getting in the future for your investment now.
Puritan Life Financial Group offers the best in fixed annuities and many other financial products in order to help their clients achieve their financial goals. Fixed annuities are an excellent tool to help plan your retirement, as they offer a fixed and guaranteed return. Whether you're looking into using them as a retirement supplement, or an investment vehicle, Puritan Life Financial can help you with achieve your financial goals, no matter what they may be.
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