Annuities: Guaranteed Future Income So You Don’t Outlive Your Money

Life insurance helps you insure against “dying too soon”– it makes it possible for your family to continue without your income if something happens to you.

But what if you “live too long” for the resources you have? Will you have the resources you need no matter how long you live?

One of the biggest fears people have as they plan for the future is that they will outlive their income. That’s where North Carolina annuities can help.

What is an Annuity, and What Types of Annuities Are Available?

Annuities provide guaranteed payments of a specific amount for a specific period of time– possibly for the rest of your life, if you choose that option.

North Carolina annuities can reduce or eliminate the risk that you will outlive your resources. They can guarantee your principal or rate of return, or grow tax-deferred with the market; it all depends on the type of annuity you choose.

There are many types of annuities available:

  • Fixed

  • Variable

  • Immediate

  • Deferred

  • Single Premium

  • Flexible Premium

Which annuity is right for you depends on your needs, goals and individual situation. We’ll explain the differences and help you choose wisely.

First, Let’s Talk About What You Need and What You Have

Our goal is to help you evaluate your options and choose the right annuity to achieve your desired outcome. To do that, we’ll start by asking about your overall financial picture, so we fully understand your situation and can assess whether an annuity will solve a problem for you.

If we determine an annuity is a good choice, we’ll ask some additional questions to help us recommend the North Carolina annuities that will work best for you:

  • The Purpose

    Do you need funds for a specific purpose or for general income?

  • The Funding

    How much money do you have available to fund your annuity?

  • The Payments

    Do you need a lump-sum payment, or payments over time?

  • The Timeframe

    How soon do you need to start receiving payments?

  • The Duration

    How long do your payments need to continue– for a specific period, or for the rest of your life?

  • The Goals

    Do you need principal protection and guaranteed returns, or can you tolerate some risk in exchange for growth?

The best option for you will take into account your responses to these questions and others. As soon as we clearly understand your needs and goals, we will look at all of the options available and see which is the best fit for you.

Our Independence Is a Powerful Advantage– If You Need Guaranteed Future Income, Let Us Help

Because we are independent, we have access to a much wider selection of annuities in the marketplace, so we can often find choices that offer better terms, competitive rates and lower costs than advisors who have a more limited selection to choose from.

That’s why we chose to be (and remain) independent– in the end, it enables us to get better results for you.

If you are ready to reduce the risk of outliving your money, or just want to ensure you receive regular payments or a lump-sum payment in the future for a particular purpose, please contact us to schedule a consultation about North Carolina annuities.

We will be happy to help you find a solution that will ensure you have what you need, when you need it.

Tools and Resources

Am I going to run out of money too soon?

InsureU: Understanding Life Insurance & Annuities

Variable Annuities: What You Should Know

NAIC Buyer’s Guide for Deferred Annuities – Fixed and Variable

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