Learn More About the Benefits of Annuities for Your Retirement if You’re in the Greater Houston Metro Area
Sugar Land, TX
When most people plan for retirement, they imagine having time to pursue hobbies, volunteer, or just relax. Nobody likes the idea of having to worry about finances, but it’s possible that may be exactly what you end up doing if you don’t plan ahead. Pyxis Insurance Agency will help you plan for your retirement so that you can rest easy.
Avoid potential financial concerns by purchasing an annuity. At Pyxis Insurance Agency, we have experience with fixed indexed annuities, and will help you determine whether or not one is right for you.
Pyxis Insurance Agency aims to help clients throughout the Greater Houston Metro area prepare for their retirement. Specifically our fixed indexed annuities will help you to assure that will you have income for years to come. In addition, we can provide you with life insurance with living benefits, which can be beneficial should you face unexpected medical bills. Consider calling today in order to learn more.
Make Sure You Have a Stress-Free Retirement
Fixed indexed annuities can be an excellent way to help bolster your finances. Whether you are preparing to retire soon or just want to plan ahead, Pyxis Insurance Agency is here to provide you with advice and guidance. We will explain your options and help you to determine what’s best for your situation.
What is an annuity?
Essentially an annuity is an agreement made between you and your insurance company. You pay money to your insurance company, either in one lump sum or in multiple smaller payments. In turn, your insurance company is obligated to pay you either gradually over time or in one large payment. Fixed indexed annuities can be incredibly beneficial, as they act almost like insurance for retirement. By purchasing a fixed indexed annuity, you will make sure that you receive a steady stream of income throughout your retirement which in turn will help ensure you’re able to enjoy your twilight years without stress.
What are the different types of annuities?
There are two broad categories of annuities:
- Variable Annuities: Variable annuities allow you, the purchaser of the annuity, to choose what to invest in. As the name implies, this means that the value of the annuity can vary over time. On the one hand, you may be able to choose an investment that will allow you to gain a significant amount from your annuity; on the other, variable annuities can be affected by problems with the stock market and you could find that the value of your annuity will crash if you make the wrong investment.
- Fixed Annuities: A fixed annuity will stay stable over time, as your insurance company is the one responsible for investing—and as such, is also responsible for any potential losses. This means that you are guaranteed to get a defined amount of money, no matter what the market looks like.
What are the advantages of fixed annuities?
There are several reasons you may wish to consider a fixed annuity over a variable annuity, those being:
- Guaranteed Rates: A variable annuity can be a very high-risk, high-reward strategy—which isn’t something you necessarily want when planning for retirement. With a fixed annuity, you are guaranteed to get the amount you were promised.
- Taxes are Deferred: The idea of paying taxes on your growing investment is something that is unappealing to many individuals. A fixed annuity, however, doesn’t require you to pay any taxes until you take money out of the account, which can help boost your savings substantially.
- Safety: If you choose a variable annuity, then you assume the risk of any loss. This isn’t true with a fixed annuity; when you purchase a fixed annuity, your insurance company is the one that’s responsible for any drop in value.
What is the difference between a fixed indexed annuity and a traditional fixed annuity?
A fixed indexed annuity is a type of indexed annuity, and thus has many of the same benefits and features. Unlike traditional fixed annuities, however, a fixed indexed annuity has an additional advantage: it can allow you to receive additional returns on your investment. A fixed indexed annuity is tied, in part, to the stock market. When market values rise, then you will receive additional money. Because the annuity is fixed, your insurance company will protect you from falling prices, which means you never have to worry about receiving less money than you were promised.
At Pyxis Insurance Agency, we specialize in fixed indexed annuities, and will use them in order to help you plan for your retirement. We’d be happy to discuss annuity rates and more with you; simply give us a call if you’re in the Greater Houston Metro area in order to speak with a professional.
Ready to Provide You with Professional Guidance
At Pyxis Insurance Agency, we want to make sure that you have a comfortable retirement. Fixed indexed annuities can be an excellent way to achieve this, and so we aim to educate our clients and help them to determine if an annuity would be a good choice for their retirement plan. Learn more about our annuity rates, how to purchase and annuity, and more by getting in contact with us.
Why is it beneficial to purchase annuities?
- It guarantees income for life. Once you retire, you likely won’t have the same, steady stream of income you once did. Fixed indexed annuities allow you to receive a reliable and consistent income, your money has run out.
- It protects you. A problem many individuals may run into is that they outlive their retirement savings. Because fixed indexed annuities provide you with a constant stream of income, you will feel confident that you won’t be running low on finances throughout your retirement.
- It allows you to leave something for your family. Many individuals want to support their families, even after they’ve passed. Fixed indexed annuities can be used in order to do this, as they can come with death benefits for when you pass.
Prepare for the future by getting retirement insurance with true living benefits and asking about annuities.
If you want to get insurance with true for your retirement, ask about annuity rates, or learn more, then consider contacting Pyxis Insurance Agency. We have extensive knowledge of the field and aim to provide you with the assistance you deserve. Call now in order to schedule your consultation. We will assist anyone in the Greater Houston Metro area.
We serve clients throughout the Greater Houston Metro Area, including Houston, The Woodlands, Sugar Land, Pasadena, Pearland, League City, Baytown, Conroe, and Galveston along with Wharton County.