Last updated November 4, 2024
Deferred Annuities: Types & Benefits
By Eric Bork
A deferred annuity is a contract you have with an annuity company. You pay them money, either all at once (a lump sum) or over several payments, and in return, the annuity company promises to give you back this money later in payments, plus interest. The date that you start receiving this money is called the annuity date. This is when your annuity begins to pay you, and there are different types of deferred annuities to consider.
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Last updated October 24, 2024
Fixed Annuity Rates: What You Need to Know
By Eric Bork
Market conditions, especially the current interest rates, have a big impact on annuity returns. When these go up, annuity rates usually go up too. This happens because insurance companies invest the money they get from annuity holders in a variety of assets (t-bills, mutual funds, etc) that are affected by interest rates.
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Last updated October 15, 2024
Understanding Annuity Rates
By Eric Bork
Market conditions, especially the current interest rates, have a big impact on annuity returns. When these go up, annuity rates usually go up too. This happens because insurance companies invest the money they get from annuity holders in a variety of assets (t-bills, mutual funds, etc) that are affected by interest rates.
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Last updated October 4, 2024
Immediate Annuities and How They Work
By Eric Bork
Annuities offer a number of benefits that make them an attractive investment option for many individuals. One of the primary advantages of annuities is their ability to provide a guaranteed stream of income for life. This can be especially beneficial for retirees or individuals who are nearing retirement and are looking for a reliable source of income to supplement their Social Security benefits or pensions.
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Last updated December 12, 2023
The Pros and Cons of Annuities
By Eric Bork
Annuities offer a number of benefits that make them an attractive investment option for many individuals. One of the primary advantages of annuities is their ability to provide a guaranteed stream of income for life. This can be especially beneficial for retirees or individuals who are nearing retirement and are looking for a reliable source of income to supplement their Social Security benefits or pensions.
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Last updated December 1, 2023
Frequently Asked Questions
By Eric Bork
Navigating the unpredictable journey of life requires preparation, especially when it pertains to our health. Long-Term Care Insurance (LTC) isn’t just insurance; it’s peace of mind.
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Last updated November 30, 2023
What is Hybrid Long-Term Care Insurance?
By Eric Bork
Aging is a part of life that comes with the potential for debilitating illnesses and the need for long-term care. However, the prospect of the financial burden that may accompany such care can be daunting. That's where hybrid long-term care insurance comes in.
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Last updated October 31, 2023
Understanding Life Insurance
By Eric Bork
Life insurance provides a safety net for your loved ones and peace of mind for you. Thus, it’s crucial to understand the nuances of life insurance and make an informed decision when purchasing a policy.
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Last updated October 23, 2023
Finding the Best Annuity for Your Retirement
By Eric Bork
Annuities are investment products designed to provide a guaranteed income stream for individuals or their spouses throughout their retirement years.Annuities typically come in three forms: fixed, fixed indexed, and variable.
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Last updated October 20, 2023
Annuities and Your Retirement Plan
By Eric Bork
Including annuities in your retirement plan adds a valuable source of guaranteed income later in life. With deliberate planning and the advice of an expert, adding an annuity to your retirement plan can help ensure a comfortable and worry-free retirement.
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