There are six main groups of popular annuity funds today, each with their own purpose, all slightly different from the others. The most popular types managed successfully at Abbott-Bennett are pension annuities, the income annuity funds, immediate annuities, indexed annuities and fixed annuities. Let's explain a little about each of the types of annuity services we offer.
The Income Annuity
The income annuity is similar to the pension annuity, except this one is usually purchased by individuals. These annuities can be deferred or immediate, depending on when you want to receive payments. The goal is the same as with the pension annuity, which is to provide a steady income at a specified time. As with all annuity funds, please contact a professional counselor at Abbott-Bennet before moving any funds around in your annuity accounts.
Protect your pension annuity with a free consultation by
an Abbott-Bennett counselor today. Toll Free: 1.855.224.3279 (855)-ABG-EASY
Investment Management
Pension Annuities
A pension annuity is usually a fund that's contributed to by an employer and augmented with voluntary additional contributions by the employee. This is a very common annuity fund, and needs to be handled carefully if you change employers or want to take over management of the pension annuity yourself. It's best you speak with an annuity fund specialist (like those at Abbott-Bennett) about your pension annuity in this case.
Annuities Management:
Understanding the Terms
An annuity is basically a savings plan that's designed to receive and grow funds. At a predetermined time, the money would be used to provide a steady stream of income, usually on retirement. Some annuities stop at death, others can be set up to continue paying your family for an indefinite period of time.
Immediate Annuities
An immediate annuity is purchased usually in one lump sum, and the purchaser starts receiving monthly payments from the annuity immediately after the purchase. As payments are made, the immediate annuity will reduce in value, but still accrues interest.
Fixed Annuities
The fixed annuity provides for a specific payment amount to the account holder. This will remain the same until the funds run out, and is the least risky of all annuity funds. There are a few different kinds of fixed annuities, fixed life annuities, indexed and non-indexed annuities. With so many different kinds of annuities, it's best you seek guidance from professional annuity fund counselors for the best understanding of fixed annuities.
Choose the best immediate annuity by getting a free consultation by
an Abbott-Bennett counselor today. Toll Free: 1.855.224.3279 (855)-ABG-Easy
The equity indexed annuity is an investment vehicle that offers options to improve growth based on stock market performance. The nice thing about equity indexed annuities is that your principal will remain intact and secure in the event of a decline in the stock market. There are a lot of variables to equity indexed annuities, so please seek professional guidance when choosing your options.
These Financial Management Services are Offered by The Abbott Bennett Group LLC.
Abbott Bennett is an Independent Advisor of The Estate Plan.
All annuities are products of the insurance industry and are not backed by any bank or insured by FDIC
Our insurance products may not be available in all 50 states.
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