KEY BENEFITS OF AN ANNUITY
ANNUITIES
An annuity is an insurance-based retirement solution that gives our clients competitive returns in a nimble product with no risk of principal. Perfect for nest egg money that would typically sit in a risky, market-exposed retirement account, annuities give you a worry-free option to put your cash to work.
VLG Insurance Services specializes in Annuities because our clients want to participate in market gains without risking their principal. Annuities are a safe play to manage risk leading into and during retirement.
Key benefits of an annuity:
TAX DEFERRED GROWTH
Annuities offer tax-deferred growth, meaning that the earnings on the investment accumulate without being subject to income taxes. This can lead to substantial growth over time compared with taxable investments.
DEATH BENEFIT
Annuities often include a death benefit, ensuring that the annuitant’s beneficiaries receive a specified payout in the event of the annuitant’s death. This feature is a legacy builder, allowing clients to pass on assets to heirs, offering an unparalleled level of financial protection for loved ones.
ASSET PROTECTION
In some cases, annuities offer a degree of asset protection from creditors. This can be a valuable feature for individuals concerned about protecting their financial assets in the face of potential legal or financial challenges.
GUARANTEED LIFETIME INCOME
Many annuities offer the option of a guaranteed lifetime income, providing financial security throughout retirement. This helps address concerns about outliving one’s savings and ensures a consistent flow of funds regardless of how long the annuitant lives. Worried that one of your heirs might frivolously spend or waste their inheritance? A spendthrift clause in your Trust can provide them with an income stream they can’t outlive.
FLEXIBILITY PAYOUT OPTIONS
Annuities offer flexibility in payout options. Annuity owners can choose between immediate or deferred annuities, as well as various distribution methods. This flexibility allows individuals to tailor the annuity to their individual financial needs and goals.
NO MARKET RISK EXPOSURE
Annuities give our clients a competitive return on investment and participation in equity market gains with zero market risk to their assets if markets decline. Our clients will never lose a dime with our products.
NO CONTRIBUTION LIMITS
Annuities generally have no contribution limits, allowing individuals to invest larger sums of money for future income without restrictions on annual contributions. The lack of contribution limits can benefit those looking to maximize their retirement savings.
DIVERSIFICATION OF RETIREMENT INCOME
Adding annuities to a retirement portfolio provides income diversification. This diversification helps manage risk and ensures a more balanced approach to retirement planning.
CUSTOMIZABLE OPTIONS
Annuities come in various forms, including fixed, variable, and indexed annuities. This diversity allows individuals to choose an annuity type that aligns with their risk tolerance, financial goals, and preferences.
STEADY INCOME STREAM
Annuities provide a reliable and predictable income stream, either for a specified period or for the annuitant’s lifetime. This feature is particularly beneficial for retirees looking to secure a regular source of income during their non-working years.
Top Carriers
VLG Insurance Services only sells annuities from America’s best insurers. We offer our clients the best products with the best terms, including the best fixed-indexed annuity available in the US today.
We work with:
- American Equity
- Athene
- Equitrust
- Global-Atlantic
- Clearspring Life
- North American
- Fidelity & Guaranty
Safety + Returns
Our clients didn’t build careers, carefully budgeting, saving, and investing to take their hard-earned money and flush it down the drain during a market correction. Your financial advisor doesn’t ring your cell phone before the market crashes. You know better than ever: your cash is worth less because of rampant inflation. VLG Insurance services helps you take your “nest egg” and get a competitive return with zero downside risk!