Sometimes we will here the phrase equity-indexed annuity, immediately they wish to not learn about the true advantages of obtaining one. “Why?”, the reader would ask. Well with anything complicated, we as humans, typically take the path of least resistance. However, most extroadinary accomplishments were never done with only a wish In this article, we will find out how annuities can truly help safeguard our portfolio against a volatile stock marketand even maximize our returns. The information herein, is pertaining to Florida annuities. All the information in this article, is written by a licensed annuity agent in the State of Florida. Laws in other states may vary and it is best to check with a state licensed individuals regarding information specific to your state.

Your contract is provided by an annuity broker or an agent directly from the insurance carrier known as a captive agent. Personally, I prefer brokers as they work with all major companies and have no incentive to “push” just one product, thus making the likelihood of you receiving a policy that really meets your standards, far higher than the alternative. Annuities are meant to pay you for the rest of your life once you annuitize your contract. Generally, a Florida annuity is beneficial if you do not need to liquidate your money after purchasing the contract. Also, most insurance companies will charge a surrender charge incase you take your money out early (before specified time on contract). Note: Insurance companies are not FDIC insured and it is important to look at the latest popular ratings such as A.M Best, Moody’s, etc.

Annuities in Florida are a safe alternative to a volatile stock market which we have all seen plunge a couple of years ago. Another great benefit of annuities are that they can grow tax-deferred unlike most other forms of retirement as you can get taxed while your money grows. With a guaranteed interest rate, how can you possibly lose? Allow a company like The Koenig Group, to find the best annuity, with the top rated annuity carriers. If your looking, you should look for free and NOT pay a consultation fee! If you want higher returns then looking into an equity-indexed fixed annuity may help you. However if you want to be conservative and be guaranteed a return, then a traditional fixed annuity would suit your needs. Nevertheless, it is always best to consult with a licensed professional who can answer questions and make recomendations based on the goals you are trying to reach. Don’t lose your hard earned money in the market and definately don’t let your money grow slower than inflation like with traditional CD accounts from banks. Plan your retirement right and look into annuities today!