WHAT IS AN IMMEDIATE ANNUITY?

AN IMMEDIATE ANNUITY IS SIMPLY A FLOW OF INCOME FOR THE DESIRED LENGTH OF TIME YOU CHOOSE. (EXAMPLE) YOU PUT IN $100,000 INTO AN IMMEDIATE ANNUITY AND WITHIN 30 DAYS YOU BEGIN GETTING AN INCOME STREAM FOR HOW EVER LONG YOU DECIDE.

THE MOST COMMON CHOICE IS TEN YEARS AND CERTAIN. THIS MEANS YOU PUT IN $100,000 FROM WHATEVER SOURCE, BASED ON YOUR AGE THE INCOME AMOUNT YOU WILL START RECEIVING MONTHLY CHECKS IN 30 DAYS.

IF YOU DIE IN THE FIRST TEN YEARS YOUR BENEFICIARY WILL GET THE BALANCE OF THE TEN YEARS REMAINING, BUT IF YOU LIVE BEYOND TEN YEARS YOU GET THE MONTHLY INCOME FOR AS LONG AS YOU LIVE, AND YES, A PORTION IS TAXABLE, BUT IT’S ALL BASED ON WHERE THE MONEY CAME FROM TO BUY THE IMMEDIATE ANNUITY, YOUR AGE, THE TIME PERIOD YOU CHOSE TO GET YOUR MONTHLY INCOME CHECKS.

ONLY INSURANCE COMPANIES SELL ANNUITIES! HERE IS AN EXAMPLE OF AN IMMEDIATE ANNUITY I SOLD: AN EIGHTY YEAR OLD WIDOW CALLED ME AND SAID, “I AM LIVING ON SOCIAL SECURITY AND CAN’T SEEM TO MAKE ENDS MEET. I HAVE A $100,000 C.D. PAYING ME NEARLY NOTHING IN INTEREST, CAN YOU SUGGEST ANYTHING?” I SUGGESTED AN IMMEDIATE ANNUITY. SHE WENT FROM EARNING $5.00 A MONTH ON HER BANK INTEREST TO GETTING AN $800.00 MONTHLY LIFETIME INCOME GUARANTEED. NATURALLY SHE BOUGHT IT AND IT PUT HER IN A LIFESTYLE SHE COULD MANAGE. ALL ENDED HAPPILY.

YOU CAN ROLL A PENSION, IRA, TSA, 401K, BANK MONEY, INHERITANCE MONIES ALL INTO AN IMMEDIATE ANNUITY. ADD THIS TOOL TO YOUR TOOLBOX!

January 22nd, 2013 by THE ONE STOP INSURANCE SHOP