Alastair Haddow
Haddow Insurance Corp., Inc.
Insurance Products to Achieve Your Financial Goals
Email: ahaddow@me.com
Phone: 941-914-5617
Florida Insurance license: E044624
Alastair Haddow
Annuities

Your retirement dreams can become reality when they're built on a secure financial foundation. Fixed annuities are insurance products that can help you achieve two important goals. They can help you protect and grow the money you put aside during your working years. And they can provide guaranteed income to help you live out your retirement dreams.

What is an annuity?

An annuity is a long-term retirement savings product that can help protect you from outliving your money. It has the potential to grow tax-deferred, have death benefits to protect your beneficiary and optional living benefits to protect your retirement income. You can choose how to fund your annuity, how interest is credited to it and how you take payments from it.

What can an annuity do for you?

Growth potential

A fixed indexed annuity has the potential for higher interest earnings than a traditional fixed annuity with a guaranteed minimum interest crediting rate. There's also no direct downside market risk to your money, if held through the withdrawal charge period.

A fixed indexed annuity can help you save money on a tax-deferred basis and can guarantee you'll receive income for life. So no matter how long you live, you won't outlive your retirement income.

Help to fill in the gaps for Retirement

Often Pensions, IRAs and Social Security don't provide enough income to help you live the way you want during retirement. A fixed indexed annuity can help supplement your retirement income.

When you might need a fixed indexed annuity

  • You're saving for retirement.
  • If you're already contributing the maximum to other retirement plans, such as an IRA or 401(k), a fixed indexed annuity is an attractive retirement planning option that grows tax-deferred.
  • You don't need the money anytime soon.
  • If you don't anticipate needing the money from a fixed indexed annuity prior to the time you turn 59½, then a fixed indexed annuity may be a good option for you.
  • You're concerned that you will outlive your savings.
  • Annuities can provide guaranteed income for the rest of your life, whether you live to be 100 or older!
  • You wish to leave a legacy.

With an annuity, you can provide your loved ones, favorite charity with a death benefit in the event of your death.