Monthly Archives: September 2013

Is an Independent Financial Adviser Necessary for an Impaired Annuity?

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Many consumers choose to do a great deal of independent research on potential investment strategies once it is time for them to start thinking about their retirement years. All consumers should be doing this kind of research on their own. However, many consumers forget to seek out the independent annuity advice of more seasoned experts in the field. While every consumer should do their own research, that research should be partnered with the expertise and independent annuity advice of an independent financial adviser. There are several reasons for this.

Benefits of Using an Independent Financial Adviser

There are several unique benefits to seeking out the advice of an independent financial adviser. First, and most obviously, an independent financial adviser (IFA) simply knows more about impaired annuities and all annuities in general, than the average consumer. They truly have the independent annuity advice that consumers need in order to invest smartly.

Secondly, independent financial advisers have access to the entire annuity market. This means that they are able to use their knowledge, partnered with what is available in the current market, to better give their consumers educated and independent annuity advice. This means that they are able to get some pieces of information that wouldn’t even be easily accessible by the average consumer. They are able to use that information to better advice consumers who are looking to purchase annuities.

The third benefit of receiving independent annuity advice from an expert in the field is that the expert is most likely going to be able to find better rates than the average consumer. This is almost guaranteed if the consumer is simply going direct and not using the open market option to find the best deals and rates for their annuity purchase. Using the independent annuity advice of an expert can help the consumer to find the best rates and deals available in the current market.

Lastly, and most importantly and simply, by seeking out an independent financial adviser, the consumer can rest assured that the independent annuity advice they are receiving is worthwhile. They can be more secure and stable in their decision making and can be comfortable knowing that they received the best advice they could in order to make their decision. Receiving independent annuity advice can make a consumer far more comfortable determining what annuity they will purchase, if any.

Secure Your Family’s Future with a Guaranteed Annuity

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Consumers can be faced with several difficult and challenging decisions as they approach their retirement years. For some of these consumers, the decisions to be made do not only affect them individually but also have an impact on their family, or beneficiaries. For some, investing in a guaranteed income can be the best choice to ensure that once they have passed away, their loved ones will still be able to maintain their lifestyle.

A guaranteed annuity operates in much the same way as a regular conventional annuity. That is to say, with a guaranteed annuity, an insurer agrees to pay out a guaranteed income to the consumer for a predetermined period of time, usually for the remainder of the consumer’s life. With a guaranteed annuity, the income is paid out for the entirety of the consumer’s life, but if the consumer dies and early death within the designated guaranteed period, the income is then paid out for the remaining balance of that guaranteed period, to the consumer’s beneficiaries.

The guaranteed annuity can work for nearly every consumer but is best matched with those consumers who are concerned with taking care of their loved ones, even after they have passed away. For this specific consumer, the guaranteed annuity can be the best choice. It also works best for those consumers who have been the breadwinners, or those who brought in the most income, for their families. For this specific group of consumers, their income has been depended upon and therefore, investing in a guaranteed annuity can ensure that income is still guaranteed.

This specific kind of retirement annuity, the guaranteed annuity, provides this extra and unique benefit to consumers. For those who are looking to take care of their loved ones, even after their death, a guaranteed annuity can provide the necessary safeguard for families. Because each consumer has different needs, it is important to get independent financial advice on which annuity is the best option and which annuity will provide the necessary coverage. However, for those who are looking to protect their loved ones, the guaranteed annuity is most often the best option. There is some kind of serenity and comfort associated with investing in the guaranteed annuity as the consumer is able to rest assured that their family members and beneficiaries will be taken care of, even after they have passed away.