Annuities

Secure Your Financial Future with the power of Annuities

What Are Annuities?

An annuity is a financial product that provides a series of payments made at equal intervals. It is typically used as a way to provide a steady income stream for an individual during retirement. Whether you're looking for immediate income or planning for the future, annuities can be a key component of your financial strategy. Annuities can be a part of retirement planning, helping individuals create a stream of income that they cannot outlive. However, it's essential to carefully consider the terms, fees, and features of any annuity product, as they can be complex, and some may involve risks. Additionally, annuities may have surrender charges or other fees for early withdrawals, so it's crucial to understand the terms before entering into an annuity contract.

Types of Annuities

There are different types of annuities, but they generally fall into two broad categories: fixed annuities and variable annuities:

Fixed Annuities:

In a fixed annuity, the insurance company guarantees a specific payment amount or a minimum interest rate. The payments are usually made monthly, quarterly, annually, or in a lump sum.

The principal amount is invested by the insurance company, and the policyholder receives a fixed payout, providing a stable income stream.

Variable Annuities:

Variable annuities, on the other hand, allow the annuitant to invest the premium in a range of investment options, such as stocks, bonds, or mutual funds.

The payments from variable annuities are not fixed and depend on the performance of the chosen investments. This means the value of the annuity may fluctuate.

Annuities can also be classified based on the timing of payments:

Immediate Annuities:

With an immediate annuity, the annuitant begins to receive payments shortly after making a lump-sum payment or a series of payments.

Deferred Annuities:

Deferred annuities have a buildup phase during which the annuitant makes premium payments. The annuity then enters the payout phase at a later date, providing income.

Highlights of our Annuities Services

Personalized Service:

We take the time to understand your unique financial situation and tailor annuity solutions that align with your goals.

Transparent Guidance:

Our commitment to transparency means you'll have a clear understanding of fees, terms, and potential returns associated with your annuity.

Ongoing Support:

Our relationship doesn't end when you purchase an annuity. We provide ongoing support to ensure your financial plan evolves with your changing needs.

How to get Annuities in Florida:

> Call: 954-306-3333
> Visit our office:

• 1515 N. University Dr., #207, Coral Springs, FL 33071

> Fill out a Quote Form online

Planning for a financially stable future is a priority we all share. At Pinnacle Insurance, we understand the importance of reliable, long-term financial solutions. That's why we specialize in helping our clients navigate the world of annuities, providing tailored options to secure their retirement income.