L&L Advisors Insurance Planning - Wealth Management

Annuity Services

Plan for your retirement and future income.

What type of annuity will meet your future financial needs?


Annuities are a powerful retirement income tool that can provide tremendous value to a retiree in the form of guaranteed income. By definition, these savings vehicles are a contract between a retiree and a third-party provider (most often an insurance carrier), in which a retiree makes a payment to the insurance company, and, in turn, the insurance company provides the retiree with a number of benefits, including guaranteed income* for a certain amount of time. ¹

Fixed Annuities


  • Fixed annuities are the most popular type of annuities with retirees because they are similar to CD-like product, and pay guaranteed rates of interest(Can’t compare Annuities to CDs.)With these annuities, a pre-retiree invests a certain dollar amount into the annuity and the issuing company provides them with a guaranteed, tax-deferred interest rate.


  • Tax deferral is a huge advantage because the tax deferral allows investors to gain interest off all of the money in their account, rather than the lesser amount they would have after paying yearly taxes. Fixed annuities also provide retirees with payment flexibility, giving them the option to choose when they receive payments off the annuity and for how long. Payout options range from a predetermined number of years to the rest of your life. If you don’t like risk but want a better return on money, fixed annuities may be the option for you.

Fixed Indexed Annuities


  • Fixed indexed annuities offer many of the same benefits of traditional fixed annuities, such as the reliability and potential for better long-term growth. Fixed indexed annuities also offer an income rider called the death benefit. A death benefit can help provide the retiree with confidence they have some form of income they won’t outlive, no matter how old they live to be.


  • The benefits are particularly popular because they allow retirees to make withdrawals every month while also gaining interest on their money. Additionally, they are a terrific way to augment Social Security while also leaving a legacy for your loved ones or a charity of your choice. 


*Annuities contain limitations including withdrawal charges, fees and a market value adjustment which may affect contract values.


Annuities are products of the insurance industry; guarantees are backed by the claims-paying ability of the issuing company. Guaranteed lifetime income available through annuitization or the purchase of an optional lifetime income rider, a benefit for which an annual premium is charged.



¹http://www.investopedia.com/ask/answers/12/what-is-an-annuity.asp

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