(866)714-6450

Our Services

American Council Of Life Insurance

DOC. Download

We Will Walk You Through Safely

(866) 714-5460

Get A Free Quote

    By submitting this form I agree to the terms of AlphaGuard's Privacy Policy. I giving consent to be contacted by Alpha Guard via email, text message, robo dialer,and I understand that text message rates may apply and I am not required to provide consent as a condition of any sale of goods or services. Frequency of messages may vary.

    Benefits Of Annuities

    • Death Benefit
    • Tax Deferred Growth
    • Customizable Payout Options
    • Probate Avoidance
    • Creditor Protection
    • Legacy Planning
    • Market Growth

    Here are some benefits of annuities when utilized as a life insurance product:

    Death Benefit: Many annuities offer a death benefit that guarantees the return of the initial investment or a specified minimum amount to the annuitant's beneficiaries upon their death. This feature provides a measure of financial protection for loved ones, similar to traditional life insurance policies.

    Tax-Deferred Growth: Like life insurance policies, annuities offer tax-deferred growth on the invested funds. This means that earnings within the annuity accumulate without being subject to income tax until they are withdrawn. This tax-deferred growth can enhance the overall value of the annuity and potentially increase the death benefit payable to beneficiaries.

    • Annuity Products Offer Many Benefits Outside Of Ones Listed Here.

    More Ways To Benefit:

    Customizable Payout Options: Annuities often provide various payout options, allowing annuitants to tailor their annuity contract to meet their specific needs. For example, annuitants can choose a lump-sum payment, periodic income payments, or a combination of both. This flexibility ensures that beneficiaries receive the death benefit in a manner that best suits their financial circumstances.

    Probate Avoidance: Annuities typically bypass the probate process when transferring assets to beneficiaries upon the annuitant's death. This means that the death benefit proceeds can be distributed to beneficiaries more quickly and without the costs and delays associated with probate proceedings.

    Creditor Protection: In many jurisdictions, annuities offer protection from creditors. This means that the death benefit proceeds may be shielded from creditors seeking to satisfy outstanding debts, providing an additional layer of financial security for beneficiaries. Lifetime Income Option: Some annuities offer a guaranteed lifetime income option, where annuitants receive periodic payments for the rest of their lives. While this feature primarily serves as a retirement income stream, it can also indirectly benefit beneficiaries by ensuring that the annuitant does not outlive their assets, leaving more funds available for inheritance.

    Legacy Planning: Annuities can be used as part of an overall estate planning strategy to pass wealth to future generations. By designating beneficiaries on the annuity contract, annuitants can ensure that their loved ones receive a predetermined amount of money upon their death, helping to secure their financial future.

    It's important to note that annuities, like any financial product, have associated costs and considerations, including surrender charges, fees, and potential tax implications. Individuals considering using annuities as a life insurance product should carefully evaluate their options and consult with a financial advisor to determine whether an annuity aligns with their overall financial goals and needs.