Fixed Index Annuities

The good news is we’re living longer. The bad news is if you don’t plan for that longevity, your retirement years will be a financial struggle. On average, most people will spend 30 years in retirement, but most haven’t saved enough to last 30 years. The average Social Security benefit payment is $1,404 per month. The average retiree will spend $200,000 on health care, or nearly $600 per month. That leaves $800 per month to live on for 30 years. Not the retirement you expected.

A fixed index annuity is a contract between you and an insurance carrier in which the carrier agrees to protect your savings from market losses and pay you income for the rest of your life. Along with Social Security benefits, it is the only financial option available that offers a guaranteed lifetime income payment. That’s a retirement you can look forward to enjoying.