Fixed interest rate and lifetime income annuities may be suitable for those who have little to no risk tolerance, especially during retirement. Liquidity is always a critical item for purchasing a financial product with a hold position or lifetime income. But there are policy riders that can mitigate liquidity risk. Contractual guarantees are based on the financial strength of the insurance company issuing the annuity contract so it’s important to review a prospective annuity company’s ratings and balance sheet to determine their benefit paying abilities.
Fixed interest rate annuities are an alternative to bonds, especially during a rising interest rate environment. Fixed annuities held for short-term periods like 3, 4 and 5 years can provide competitive returns and mitigate some of the risk in a rising interest rate environment. This type of short-term multi-annuity strategy is called “laddering,” the continual rotation of the fixed annuities until income becomes necessary or long-term rates return to the market.
Even the most skilled portfolio managers find it difficult to generate 3% returns day in and day out throughout the life of their retired clients without some risk. Most retirement portfolios can’t generate guaranteed income that seniors can depend upon for their domestic obligations. Only a guaranteed lifetime annuity can do that and not only is it predictable income, but it removes longevity risk and reduces the overall portfolio beta risk.
So it’s not so much that seniors love annuities, they simply love the results. Think about it. You can’t hate a product line. All financial products; whether they’re annuities, mutual funds, ETFs or REITS have winners and losers. Most savvy seniors seek mutual funds and ETFs with low cost, low risk and good returns. The same process should apply to annuities in their genre; in this case, fixed rate annuities and lifetime income annuities.
Are all mutual funds or ETFs bad because some are too expensive, generate low to negative returns or expose the owner to undo risk? No! No one would say, “I hate all mutual funds” – what they hate is poor performance! So when you read an ad in the newspaper or watch a so-called financial talk show that categorically states that the promoter hates all annuities, think about it. Are all annuities bad? Many of them are not client centric. Fair enough. But what about the good ones? Are all insurance companies ripping off consumers? Does the government just turn a blind eye and continue to allow insurance companies to scam seniors? Does selling an annuity to a suitable prospect equal elder abuse? Of course not! So the performance of non-qualified annuities and their tax advantages have economic value for suitable, conservative prospects.
Shop The Cheapest Home and Auto Insurance Quotes in Florida with Velox Insurance
Drivers in Florida that are looking for savings on their car and home insurance premiums can call on Velox Insurance to find the lowest rates on car and home insurance in Florida. Anyone seeking new insurance for auto or home can either call Velox Insurance who has offices in Florida and Georgia to get the lowest rates available. You can shop online, in person or over the phone. Florida drivers and homeowners can get the best rates easier by visiting Velox Insurance.
Visit Velox Insurance today and enter your information and find the low rates you deserve. Or call our office in Georgia at 770-293-0623 or our office in Florida 813-425-5115 and speak to one of our live agents.
Florida drivers that need savings on their auto insurance premiums can with Velox Insurance. When it comes to saving money on your auto or Home insurance in Florida the only way to know if you are getting a good rate for your car, truck or home is to compare your rates with Velox Insurance.
Visit Velox Insurance and enter your information on the website and get the quote you deserve and make the switch today.
About Velox Insurance
Since 2003, we have been serving our communities around Atlanta, GA with affordable insurance. In 2007, we rebranded our business as Velox Insurance. Velox Insurance, Inc was established with the goal of providing competitive rates and superior customer service to meet insurance needs of our customers in the Southeast.
At Velox Insurance, we understand that your time is valuable, so we strive to provide reliable, fast service and to obtain the best coverage at the lowest price for your vehicle, property and business insurance needs.
We are able to accomplish these goals by partnering with dozens of major insurance companies, which allows us to select the appropriate coverage at the best rate in just a short few steps.
We are also focused on making the insurance shopping experience as convenient and easy as possible for our customers.
With this goal in mind, we created an online platform for our customers to get a quote and purchase immediate coverage online in a matter of minutes. This platform has allowed us to expand to Alabama, Arizona, California, Florida, Indiana, South Carolina, Tennessee and Texas.
At Velox Insurance, our business philosophy is to continuously evolve to meet the needs of our valued customers. Our mission is to deliver peace of mind at a great value and to provide a world-class customer service experience.
Contact Velox Insurance
Florida Phone: 813-425-5115
Norwalk Insurance Agency Educates On The Cost of Contractors Insurance
Norwalk, Connecticut (findit ) January 20, 2021 – JMG Insurance, a Norwalk specialty insurance agency, offers readers some valuable information regarding how much contractors insurance costs. The new article is guided by the insurance experts at JMG who have extensive experience helping clients find the perfectly priced plan for their needs. They have designed this new article to help readers get a better idea of what factors will affect the cost of contractor’s insurance the most.
JMG Insurance offers readers some valuable information that explains how to calculate what the cost of contractor’s insurance may potentially be. In the article, they explain what contractors insurance is before getting into the things that affect their cost. Some of the factors they go over include the number of employees, the types of contracting jobs, the risks associated with services, and others. They hope that this article will help contractors searching for insurance understand what to expect while also demonstrating the importance of working with experts.
While this new article focuses on explaining how to calculate the cost of contractor’s insurance, JMG’s website offers visitors more information regarding their team, experience, as well as a full list of service offerings. JMG offers personal, business, and specialty insurance that helps clients get the protection they need at the best possible rate. They offer thorough insurance plans for business owners, contractors, errors and omissions, general liability, group benefits, construction companies, and more. Their agency was built on the principles of providing superior customer service and quality insurance solutions for their clients, and they work hard to uphold these values. Their team strives to make the insurance process as simple as possible for every client.
With the addition of this new article, the team at JMG hopes that contractors will have a better understanding of what factors will affect how much a comprehensive insurance plan will cost. For more information, reach out to the qualified contractor insurance experts at JMG today at 1-844-304-7332 or visit their website at https://jmg.com/. Their offices are located at 29 Haviland Street in Norwalk, Connecticut 06854.
Apply For Student Debt Relief Programs Available to Borrowers with Freedom Loan Resolution
Students that are living paycheck to paycheck and struggling to make ends meet as a result of their past due student loans can apply for available student debt relief programs with Freedom Loan Resolution. We our a group of experienced student loan debt counselors that know and understand the situation that you are in and we are here to help you apply for the right debt relief program to meet your needs.
Oftentimes, juggling mandatory living expenses such as housing payments, car payments, utilities, and food and credit card bills, there is not enough money left over to pay your student loan debt. Moreover, when you are in a financial hardship, struggling to make ends meet, it can be difficult to figure out the best course of action for your student loan debt. Let us help you apply for the right debt relief program that will help you get the debt relief that you need so you can move forward on the right financial path.
Our student debt counselors are extremely experience and know and understand the situation you are in. With several types of programs available to borrowers right now, we will help you get the relief that you need. You may be eligible for: student loan forgiveness, income based payment plans, and federal student loan consolidation and we will help determine which program you qualify for and is best suited to your needs.
In student loan forgiveness, students may be eligible for a principal reduction, partial loan forgiveness, or total loan discharge. Each case is different and we will help determine which you qualify for.
For some students, an income based payment plan can be the right choice. With an income based payment plan, students repay their student loans at a rate that is calculated based on their income and family sizes. In some cases, this could mean a payment of $0.00 per month.
With federal student loan consolidation, all of your student loans are consolidated into one new loan with one payment that you can actually afford. This is a great way to tackle your student loan payments without having to juggle multiple loans.
For more information, contact Freedom Loan Resolution to start your student loan debt relief application with us. We look forward to working with you and helping you get the debt relief that you need. Contact our student loan debt counselors now at 888-780-6225.