Fixed Indexed Annuities (Hybrid Annuities)

A Fixed Indexed Annuity, or what I call a “Hybrid” Annuity, was developed using attributes from three annuity types, utilizing the very best features they have to offer, and acts something like a “personal pension.  Here are some of the “Pros” of a Hybrid Annuity:

"HYBRID" ANNUITY Benefits:

• Income stream for life
• Secure Principal Protection
• You have control of your money
• You get a guaranteed rate of return
• Your money is not tied to market volatility
• Income that can be up to 100% tax free
• You have a potential for growth linked to a market index upside without the market downside
• Your income can even double or triple with certain riders
• May include riders for Long Term Care or Healthcare costs.

With Fixed Indexed Annuities, not “One Size That Fits All”...

What’s important to recognize is that not all retirees are the same, so one size does not fit all. You and your neighbor, who may be retiring at the same time, may have very different, or even just slightly different, available assets and income needs during retirement. But each of you will need a customized strategy that’s uniquely designed for you.

When you are at the point in life that you are living off the savings you worked for throughout your life, you should re-review your financial goals and consider the following for yourself.

Annuities are contracts between you and an insurance company. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer.

Annuity riders may be available for an additional annual premium that may provide additional benefits and income guarantees.

Most annuities have a withdrawal (surrender) period for the first five to 15 years of ownership. Excess withdrawals and any withdrawal prior to age 59½ may significantly reduce the guaranteed withdrawal benefit amount and be subject to an additional 10% federal income tax penalty.  

To speak with a financial professional, specializing in retirement planning strategies and Fixed Indexed Annuities, visit our website at: www.moreyinsurancegroup.com  or, send us an email at: john@moreyinsurancegroup.com