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Annuities Can Help You Grow Your Money Safely
Many of our Long Term Care clients wish to look at the full range of options available for financial security as life progresses. Annuities are a smart investment when planning not only for long term care, but for the protection of your assets and legacy.
An annuity could be a good choice if you want to:
- Increase your tax-deferred earnings
- Receive a guaranteed income — either for life or over a set period of time
- Create a plan with flexible investment, income and legacy options
What is an Annuity?
An annuity is a long-term, tax-deferred investment designed for retirement. Earnings are taxable as ordinary income when distributed and may incur a penalty if withdrawn early. They are a good supplement to retirement accounts.
Death Benefit Protection
The full value of your fixed index annuity including accumulated interest, less any withdrawals, will go to your beneficiaries if you die prior to receiving income payments.