Annuities - Life Insurance - Long Term Care - Medicare Supplements - Risk Management

What is an annuity?  It’s a contract whereby a premium is paid by one party (you) and the other party (the insurance company) agrees to pay a stipulated amount (the deposit plus interest) periodically through life.  Annuities date back to the Roman Empire and are still used by many people today.  Schools, Hospitals, and churches use annuities to fund retirement.  State lotto funds and high salaried athletes use annuities to fund their payouts.

An annuity is not for every client.  Most so called financial professionals use annuities for any and all situations because that’s all they know.  Unfortunately in most instances this can go against the client’s best interests.  The Legacy mindset on annuities is simple:  market exposure money should go into the real market.  If a client wants protection we’ll give it to them with a living benefit and principal protection.  In the event that someone absolutely wants a fixed percentage of interest we can use an annuity to accomplish that goal rather than a CD at a bank.

 Click here to see why we prefer annuities to CD’s.

 Annuities can be an extremely powerful planning tool if used in the correct manner.  Their applications can range from estate planning inside of a Charitable Remainder Trust to creating a pension for life or using them defer gains allowing your money to grow faster.  Whatever the application rest assured that Legacy will only use an annuity when it fits YOUR needs, not ours.

For more information on Annuities please contact the Legacy Wealth Management Group.