ANNUITY FREQUENTLY ASKED QUESTIONS
WHY WOULD I WANT AN ANNUITY?
Annuities have many different features and guarantees.
The main objective of an annuity is to guarantee payments (income) for a certain amount of years from a certain amount of premium. Annuities can be a great addition to the fixed income side of your retirement plan.
HOW DO YOU FUND AN ANNUITY?
An annuity can be funded many different ways.
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401k
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403b
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457b
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State/government owned pension
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Deferred comp plan
WHAT ANNUITIES DO YOU OFFER?
At BC Brokerage, we currently offer:
Fixed Annuities
Fixed Indexed Annuities
Muli-Year Guranteed Annuity (MYGA)
Single Premium Income Annuity (SPIA)
WHO SHOULD BUY AN ANNUITY?
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Those between the ages of 50-70 who are looking for guaranteed income in retirement
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Those who are looking for guarantee of principal
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Those who are looking for Long Term Care (LTC) coverage without medical underwriting
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Those who have a corporate pension with a cash out/deferred compensation option at retirement age
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Those considering medicare planning (5 year look back)