As an independent Virginia Health Insurance agency,we work hard to find our customers the most affordable major medical health insurance plans.
Whether you are an individual, family, or small business, we shop for the best rates and offer free quotes for all of your long term and temporary insurance needs.
Do you have a strong enough retirement plan in place? A plan capable of lasting you and your spouse the rest of your lives, enabling you to maintain the lifestyle you want in these retirement years?
Most people will answer no to this question. So many have suffered such tremendous losses in their Virginia 401K plans, Virginia Individual Retirement Accounts (IRA), and other Virginia savings plans that their ability to retire is very questionable. Virginia annuities could be the solution to generate an income stream from the money you have saved.
Fixed Indexed annuities in Virginia can be a very viable part of your retirement portfolio. Many products offer you significant bonuses not only on the amounts you initially place in the annuity, but on subsequent deposits made over the next few years.
Your money will be totally safe and you will never suffer losses again as long as the funds remain in place. Fixed indexed annuities annuities are designed to enhance your retirement and they give you many choices regarding earnings. Each year on your anniversary date, you can elect to make changes in your fixed indexed annuity earning capability.
Some of the choices you have are : Fixed Interest Rates, Indexes including NASDAQ, S&P etc. If the market is not performing well, you can choose to go with an interest rate. Your dollars are never directly in the market. The market is used strictly as a guide. This way you can take advantage of market gains without having to worry about losing what you have accumulated through your Virginia annuity savings plan.
Benefits can be taken as a stream of income over periods usually ranging from 10 years to lifetime. You can choose an option continuing the benefit to your spouse or other beneficiary, in the event of your death.
Many other types of Virginia fixed annuities are available which offer guaranteed rates over selected periods of time. For example, 2, 3, 4, 5, year guarantees and more.
Immediate annuities in Virginia are also available offering immediate income if you are now ready to retire.
We have chosen to offer top quality products from the strongest annuity companies in the world. Our specialists can assist you and find a program that will meet your individual needs and help you setup a Virginia retirement plan.
Due to the economic climate in this country over the past few years, many have lost significant amounts of dollars in their Virginia 401k savings plans, Virginia Individual Retirement Accounts (IRAs), or other retirement vehicles. If you are one of these folks, then you need to consider what an indexed annuity can do for you.
Many Virginia insurance companies offer annuities as part of their portfolios. Annuities are issued by Virginia insurance companies and can be an extremely powerful part of your retirement savings plans.
No one should ever put all their eggs in one basket, so to speak, but an annuity should definitely be considered as part of your portfolio, funds permitting. Losses in retirements funds can sometimes be recouped over time but, you need to consider how long it took you to actually see your funds restored and your age. For example, if you are 50 or older and you had $200,000 sitting in your retirement plan and you lost 50% of your accumulated funds, you aren't a very happy camper! Now you have only half of the money left in your account, and you are faced with waiting to see if the economy turns around and maybe the 401k etc will begin to show earnings once again. Well, you could end up losing even more or you could transfer the account, or at least a portion of the account, to an indexed annuity. In many cases, indexed annuities can offer significant bonuses on the amount transferred, while giving you the opportunity to have part or all of your money subject to earnings based on market performance. Some of the indicators used are S&P & Nasdaq. Your dollars are never directly in the market but you can benefit from earnings based on the markets performance.
And here is one of the best features. Even if the markets tank in any given year, you can't go backwards as your accumulated value will stay right where it's at. Of course if you pull your funds out to take a vacation or put a roof on your house, you will be hit with a surrender penalty. You need to always keep in mind that your retirement plan is for retirement and not for vacations etc.
Do yourself a favor and at least look at the possibilities these annuities can offer to you.
Some of the top rated Virginia Insurance Companies offering annuities today now offer the availability of Income Riders capable of doubling your retirement dollars in just eight years. Sound too good to be true? It probably does sound too good to be true, but the fact of the matter is it is true. The riders are usually known as Lifetime Income Benefit Riders. These riders can be added to a Fixed Indexed Annuity for a small annual cost of approximately 0.45% of your Contract Value. If the product offers a bonus on your transferred or deposited funds of 10%, and many of these annuities will offer a bonus, then the Lifetime Income Benefit Rider known as LIBR will guarantee 8% compounding of your dollars each and every year until you decide to take a stream of income from your annuity. For example, you deposit $100,000 to a fixed indexed annuity and receive a 10% Bonus of $10,000 after eight short years you will have a minimum of $203,000 in your annuity.
The reason I stress a minimum of $203,000 is due to the fact that you also get to choose from an interest rate and indexing strategies such as Standard & Poors or NASDAQ. So, with al this said, if the interest rate and indexing strategies happen to exceed the 8% compounding, you will have available the larger of the two pools of money.
Can you take all of the money and walk away? No, of course you can't. These annuities are for retirement purposes and not designed to pull money out at will for vacations etc. Usually, these annuities have a free withdrawal provision available. In many cases you can take up to 10% of the funds you deposited after the first twelve months without any insurance company surrender penalty. This does give you access to some of your money in the case of a real emergency. However, you should be very sure that the funds you transfer or deposit to these accounts are there strictly for retirement purposes.
These are indeed tough economic times but it is reassuring to know that there are programs like I have just described, that can really assist you in growing a retirement fund for your future. Remember, these income riders coupled with a good bonus annuity are capable of providing you with lifetime income.
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