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.
State/government owned pension
Deferred comp plan
WHAT ANNUITIES DO YOU OFFER?
At BC Brokerage, we currently offer:
Fixed Indexed Annuities
Muli-Year Guranteed Annuity (MYGA)
Single Premium Income Annuity (SPIA)
WHO SHOULD BUY AN ANNUITY?
Those between the ages of 50-70 who are looking for guaranteed income in retirement
Those who are looking for guarantee of principal
Those who are looking for Long Term Care (LTC) coverage without medical underwriting
Those who have a corporate pension with a cash out/deferred compensation option at retirement age
Those considering medicare planning (5 year look back)