The Importance of Including Annuity Death Benefits in Your Financial Planning скачать в хорошем качестве

The Importance of Including Annuity Death Benefits in Your Financial Planning

Like what you hear in the video? Here are some ways I can help: 1. Watch my free training on how to protect & grow your wealth in retirement: https://info.theannuityassociates.com... 2. Schedule a call to work with me: https://go.oncehub.com/RetirementStra... CONNECT WITH JOHN: Call John The Guaranteed Retirement Guy: 702-819-0895 Website: https://johnstevenson.com Email: [email protected] Facebook:   / guaranteedretirementguy   Instagram:   / guaranteedretirementguy   Twitter:   / theguaranteeguy   Tiktok:   / guaranteedguy   #annuity #guaranteedincome #retirement What role do annuity death benefits play in financial planning? They’re a strategic choice for ensuring your beneficiaries are financially secure and that your assets are efficiently transferred without legal entanglements. This video sheds light on the importance of including annuity death benefits in your financial planning, offering a brief insight into the peace of mind and legacy benefits they can provide. Summary Annuity death benefits ensure financial security for beneficiaries after the annuitant’s death and facilitate smooth asset transfer, bypassing the probate process for a potential legacy. Enhanced death benefit riders can be added to annuities for a higher payout, offering more aggressive investment strategies with a safety net for beneficiaries during market downturns. It is critical to consult financial professionals when dealing with annuities and to compare providers, like North American and Allianz, to choose the best option considering performance, reputation, and tax implications. Understanding Annuity Death Benefits When you purchase an annuity, you’re essentially securing a safe financial future for yourself and your loved ones. A critical part of this financial safety net is the annuity death benefit. An annuity death benefit is a payment made to the beneficiary named in an annuity contract. This occurs upon the contract owner’s death. You might be wondering, how do annuity death benefits work? Let’s dissect the concept for a better understanding. Standard Death Benefit The most basic and straightforward death benefit is the standard death benefit. In the unfortunate event of the contract owner’s death, the beneficiary receives the current account value at the time of the contract owner’s death. This implies that even if the market faces a downturn, the benefit remains safe and secure, providing an extra layer of protection for your loved ones. Enhanced Death Benefit Rider The standard death benefit surely provides basic coverage, but wouldn’t it be beneficial if you could augment this benefit? Enter the enhanced death benefit rider. This optional add-on, with premiums paid, provides a higher payout to beneficiaries at an additional cost, offering enhanced death benefits. The beauty of this rider lies in its ability to offer more aggressive investment strategies by providing a safety net for beneficiaries in case the investor dies during a market downturn. Annuity death benefit riders, like other death benefit riders, can be a valuable addition to your investment strategy. Immediate Annuities Immediate annuities also come with their own set of death benefit options. If the annuitant dies before the guaranteed period ends, beneficiaries will receive the remaining payments, thereby ensuring that the money you’ve invested doesn’t go to waste. The Role of Annuity Death Benefits in Financial Planning Annuity death benefits extend beyond merely providing financial security to beneficiaries post the annuitant’s death. They serve a larger purpose in the sphere of financial planning. Annuities facilitate a smooth transfer of assets to beneficiaries, circumventing the probate process. They also provide a potential legacy for heirs such as children or grandchildren. Asset Preservation Apart from offering post-retirement income, annuities play a pivotal role in preserving your painstakingly accumulated assets. Fixed annuities, for instance, offer a safeguard against market volatility by paying fixed rates for a specified term, thus ensuring stable value protection. Legacy Planning Annuity death benefits are also a key part of legacy planning. By designating beneficiaries in annuity contracts, you can direct the annuity’s funds to intended heirs and bypass the probate process. Guaranteed Income and Death Benefit Another significant role of annuity death benefits in financial planning is the provision of guaranteed income and death benefits. Annuities can provide annuity payments as a regular income, a death benefit, and a lump sum payment. Comparing Annuity Providers: North American vs. Allianz When choosing an annuity, it is vital to compare providers to maximize your investment. Let’s scrutinize two prominent annuity providers: North American and Allianz. https://johnstevenson.com/annuity-dea...