Indexed Interest Potential
Advantages of a Fixed Index Annuities
The key to a successful retirement is a flexible, long-term strategy. Financial security and income stability are key benefits of a fixed index annuity (FIA).
What is the Potential Growth of Fixed Index Annuities?
To begin with, let’s learn how annuity rates are determined. Start by aligning your annuity with at least one index. Our team at GPS Retirement can help you with this process. There are several options for interest rates when you use different indexes. The insurance companies will then use a crediting method to track the performance of your selected index(es). The policy provider sets the interest rate at the end of each year.
Whenever the rate exceeds a certain point, you will receive index interest earnings. Your money will be protected if the market goes on a downward trend. Situations vary from one to another. Every individual will therefore choose their annuity differently. During your meeting with our team, we review all of these terms and make sure they are clear. We also offer seminars where you can learn more about the specifics of a fixed index annuity. Your retirement decisions can have a lasting impact on your life. The more information you gather, the better.
Factors That Influence Potential Interest Rates
Indexed life insurance can benefit your retirement strategy in a number of ways.
Fixed index annuities may earn a maximum rate of interest in certain instances. A cap typically lasts for one month or one year. If your selected index exceeds the cap, the index rate does not apply.
Contact us at GPS Retirement for more information on crediting methods! Feel free to reach out to our team if you have any questions or if you need any additional information.