Peter C. Ciravolo
Annuity 101 - What are annuities?
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 help supplement social security, provide a 0% risk (annuities we offer have floors of 0% i.e. Fixed, YGA, etc.)
HOW DO YOU FUND AN ANNUITY?
You can fund an annuity through many different ways. Whether it be a 401k,403b, 457b rollover, a state/government owned pension, or a deferred comp plan, BC Brokerage is able to fulfill your guaranteed principal or income needs.
WHAT ANNUITIES DO YOU OFFER?
At BC Brokerage, we currently offer:
Fixed Indexed Annuities
Multi-Year Guaranteed Annuity (MYGA)
Single Premium Income Annuity (SPIA)
WHO SHOULD BUY AN ANNUITY?
Anyone between the ages of 50-70 who are looking for guaranteed income in retirement
Anyone who is looking for guarantee of principal
Anyone who is looking for Long Term Care (LTC) coverage without medical underwriting
Anyone who has a corporate pension with a cash out/deferred comp option at retirement age
Anyone considering Medicare planning (5 year look back period)