subject: Fixed Annuities Agents to Sail Your Investment to the Safest Shore [print this page] Fixed Annuities Agents to Sail Your Investment to the Safest Shore
An annuity is a sort of monetary security to help the individuals with a lump sum figure or a series of income flow only after a long-term investment made by them. As the needs of the individuals are of diverse nature, the annuities are also of different types. Of a variety of annuities, fixed annuities exemplify the safest investment for the individuals. Generally, all types of annuities involve a little bit of sacrifice at present for a better tomorrow. But such a concrete canopy for your twilight days comes at a price. That is why you must make sure to check the cover if it is the right one for your needs and financial strength.
Many fixed annuities schemes are on offer in the market. Therefore, the laypersons can not be blamed for not taking the right pick. They are really confused and do not know which one is the best for them. As an annuity is a contract between an annuitant and his/her insurer, therefore, the help of an insurance agent comes handy in such a situation. First of all, let us have a glance over the advantages of fixed annuities and then discuss about the beneficial role played by the insurance agent.
By definition, a fixed annuity comes with a pre-set and fixed rate of interest on the investment. Market condition hardly affects this rate. Stream of income is paid by the insurance company either throughout a designated time frame or till the demise of the annuitant. The figure of the periodic payment remains unchanged and that is why the investors experience a higher level of security. The most advantageous feature of the fixed annuities is the investors do not encounter loss in the event of the grim market scenario. The annuity issuer promises to pay a minimum monthly interest to the annuitants. Even the investors may earn a higher volume of interest depending on the market condition.
Fixed annuities are often touted as the defensive strategy for those who are least interested to take risk. So, this type of annuity is a conservative investment and designed for the least adventurous persons only. There are many insurance companies in the market. The interest rate varies from one to another though it is considerably higher than the conventional bank CDs. When an insurance agent offers the fixed annuities policy, he tries to advertise about the products of the companies he is attached with. So, impartial guidance is what can not be expected from him. But they may also come up with the lucrative offers regarding the flexible investment planning for the annuitants. Moreover, if they are working on behalf of the renowned insurance companies, you may be assured of your safety while making the investment. A company may offer several policies. So, consult the agent which one of several fixed annuities schemes is the best for you. Deferred annuities are another alternative to invest into. They do not require the annuitants to pay the tax during the growth period of investment but the investors have to clear the exact volume of tax while withdrawing income.
