Tower Insurance & Financial Services, LLC. prides itself on delivering the best customer service coupled with tailored plans to meet you and your family’s needs!
Retirement
Why should someone consider purchasing an Annuity?
Principal protection: No risk to the original money invested, or any future growth.
Tax-deferred growth: The growth of your money is Not subject to immediate taxation.
Lifetime of income: Guarantee of income payments no matter how long you live.
Creditor protection: The money in an annuity Cannot be seized by any creditors.
Spousal opportunities: Allows income payments from annuity to continue being paid to surviving spouse.
3 Types of Annuities
Fixed Annuity: Guarantees a specific rate of return
Immediate Annuity: Lump sum contribution is converted to a guaranteed stream of income.
Fixed Index Annuity: Rate of return based on performance of underlying index (i.e. S&P 500), but never directly exposed to the risk of the stock market.