Retiring Is Easy, Staying Retired Is Difficult.

We Specialize In Keeping You Retired.

Ignore These Fixed Indexed Annuity Myths

By: Income for Life
There are probably more myths surrounding annuities – specifically fixed indexed annuities – than any other financial product. Why? A lot of the confusion surrounding retirement planning in Topeka is due to the fact that annuities have changed over the years, offering you more options and benefits than ever. One of the most flexible annuities is the fixed indexed annuity: a financial product that’s sold by insurance companies. You’re guaranteed by the insurance company that your principal will be protected and it will have potential for growth linked to an index (like the S&P 500).
It’s important that you understand fixed annuity facts as they relate to these common myths.
  • Myth: If you have a retirement account then you don’t need an annuity. Fact: One of the major benefits you can get from a fixed indexed annuity is the guarantee that you’ll never run out of money during retirement. Having funds in a retirement account such as a workplace 401(k) or an Individual Retirement Account (IRA) is a terrific asset. However, those accounts don’t guarantee to give you an income stream that will last for your entire life.
  • Myth: All annuities are going to charge high ongoing fees. Fact: The only time you’re charged a fee with a fixed indexed annuity is when you choose to add an optional policy rider. Here’s an example: If you choose a death benefit rider, which guarantees a payout to your beneficiary, or an income rider, which guarantees to pay you a set interest rate, you generally are charged a low fee in exchange for these benefits.

Top Annuity Products

Variable Annuities

Immediate Annuities

Fixed
Annuities

Fixed Index Annuities

Social Security Optimization

Medicare
Benefits

Life Insurance Strategy

Annuity
Products

20

Verified ratings

Quality

5/5

5

Value

5/5

5

Timeliness

5/5

5

Experience

5/5

5

Satisfaction

5/5

5

Overall Average

5/5

5

Colton G.
Verified
Read More
Income For Life is an outstanding company and resource for finding the very best income solutions for folks across the country. I would recommend Income For Life to anyone who is looking to create a retirement income plan.
Dustin L.
Verified
Read More
Love the way this company uses its expertise to help others and use its platform to help others to become familiar, and a part of, Fold of Honor!
Mindy P.
Verified
Read More
Delightfully professional, persistent, and really absolutely excellent communication .