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As a first time investor, you should determine what type of account to open, even before figuring out what to invest in. Since making money is the point, you should absolutely take advantage of any kind of account that allows you tax advantages. Money not spent on taxes is basically a gift from the government. MENDRE Insurance Group will help you to invest in a smart way.

An annuity is a financial product that pays out a fixed stream of payments to an individual, and these financial products are primarily used as an income stream for retirees. Annuities are contracts issued and distributed (or sold) by financial institutions, which invest funds from individuals. They help individuals address the risk of outliving their savings. Upon annuitization, the holding institution will issue a stream of payments at a later point in time.



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MENDRE Insurance Group is here to help you Fixed and Variable Annuities

Fixed Annuities

A fixed annuity is a type of insurance contract that promises to pay the buyer a specific, guaranteed interest rate on their contributions to the account. By contrast, a variable annuity pays interest that can fluctuate based on the performance of an investment portfolio chosen by the account's owner. Fixed annuities are often used in retirement planning.
  • Fixed annuities are insurance contracts that pay a guaranteed rate of interest on the account owner's contributions.
  • Variable annuities, by contrast, pay a rate that varies according to the performance of an investment portfolio chosen by the account owner.

  • The earnings in a fixed annuity are tax deferred until the owner begins receiving income from the annuity.
    • Investors can buy a fixed annuity with either a lump sum of money or a series of payments over time. The insurance company, in turn, guarantees that the account will earn a certain rate of interest. This period is known as the accumulation phase.

    When the annuity owner, or annuitant, elects to begin receiving regular income from the annuity, the insurance company calculates those payments based on the amount of money in the account, the owner's age, how long the payments are to continue, and other factors. This begins the payout phase. The payout phase may continue for a specified number of years or for the rest of the owner's life.

    During the accumulation phase, the account grows tax-deferred. Then the account holder annuitizes the contract, distributions are taxed based on an exclusion ratio. This is the ratio of the account holder's premium payments to the to the amount accumulated in the account that is based on gains from the interest earned during the accumulation phase. The premiums paid are excluded and the portion attributable to gains is taxed. This is often expressed as a percentage.

    This situation applies to non-qualified annuities, which are those not held in a qualified retirement plan. In the case of a qualified annuity, the entire payment would be subject to taxes.

    MENDRE Insurance Group is here to help you Fixed and Variable Annuities

    Variable Annuities

    A variable annuity is a type of annuity contract, the value of which can vary based on the performance of an underlying portfolio of mutual funds. Variable annuities differ from fixed annuities, which provide a specific and guaranteed return.
  • The value of a variable annuity is based on the performance of an underlying portfolio of mutual funds selected by the annuity owner.
  • Fixed annuities, on the other hand, provide a guaranteed return.
  • Variable annuities offer the possibility of higher returns and greater income than fixed annuities, but there’s also a risk that the account will fall in value.

    • There are two elements that contribute to the value of a variable annuity: the principal, which is the amount of money you pay into the annuity, and the returns that your annuity’s underlying investments deliver on that principal over the course of time.1 The most popular type of variable annuity is a deferred annuity. Often used for retirement planning purposes, it is meant to provide a regular (monthly, quarterly, annual) income stream, starting at some point in the future. There are also immediate annuities, which begin paying income right away.

    You can buy an annuity with either a lump sum or a series of payments, and the account’s value will grow accordingly. In the case of deferred annuities, this is often referred to as the accumulation phase. The second phase is triggered when the annuity owner asks the insurer to start the flow of income, often referred to as the payout phase. Most annuities will not allow you to withdraw additional funds from the account once the payout phase has begun. Variable annuities should be considered long-term investments, due to the limitations on withdrawals. Typically, they allow one withdrawal each year during the accumulation phase. However, if you take a withdrawal during the contract’s surrender period, which can be as long as 15 years, you’ll generally have to pay a surrender fee. Variable annuities grow tax-deferred, so you don’t have to pay taxes on any investment gains until you begin receiving income or make a withdrawal.

    MENDRE Insurance Group is here to help you with Annuities

    Annuity

    An annuity is a financial product that provides you with a guaranteed regular income. Typically, it is used during your retirement years and sold by an annuity provider, such as a life insurance company. You can buy an annuity with a lump sum or through multiple payments over time.

    The income payments you receive from an annuity are a combination of 3 things:
    interest
    a return of your capital and
    a transfer of capital from annuity holders who die earlier than statistically expected to those who live longer than expected
    You can choose to either receive income payments for a fixed period or for as long as you live.

    Depending on the type of annuity you choose, you can receive income payments at different frequencies:
    monthly
    every three months
    every six months or
    once a year
    You can choose to start receiving your payments right away, or at a later date if you bought a deferred annuity.

    The amount of the regular income payment you get depends on a number of things, such as:
    if you are male or female
    your age and health when you buy the annuity
    the amount of money you invest in the annuity
    the type of annuity you buy
    whether you have the option to continue payments to a beneficiary or your estate after you die
    the length of time you want to receive payments
    the rates of interest when you buy your annuity
    the annuity provider

    MENDRE Insurance Group is partnered with top financial insurance companies in USA. We have extensive knowledge of the different companies and how they underwrite. Our commitment is to serve your interests above all else.

    Help Protect Your Investments with MENDRE Insurance Group. Let us guide you with simple and easy process and help you find best prices.

    We’ll find you which company will give you the least expensive insurance quote possible. Since we have best insurance companies to choose from, we are usually successful at doing that.

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    Who Buy Annuities?

    Annuities are appropriate financial products for individuals seeking stable, guaranteed retirement income. Because the lump sum put into the annuity is illiquid and subject to withdrawal penalties, it is not recommended for younger individuals or for those with liquidity needs to use this financial product.

    Annuity holders cannot outlive their income stream, which hedges longevity risk. So long as the purchaser understands that they are trading a liquid lump sum for a guaranteed series of cash flows, the product is appropriate. Some purchasers hope to cash out an annuity in the future at a profit, however, this is not the intended use of the product.

    Immediate annuities are often purchased by people of any age who have received a large lump sum of money and who prefer to exchange it for cash flows into the future. The lottery winner's curse is the fact that many lottery winners who take the lump sum windfall often spend all of that money in a relatively short period.

    MENDRE Insurance Group is here to guide you with simple process

    Depending on your situation you may need only Fixed or Variable but there are many times when you need both to fully protect yourself. We work together to help reduce the financial impact. Let MENDRE Insurance Group help you to understand the complete process in easy way.

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    About MENDRE Insurance Group

    MENDRE Insurance Group is an independent insurance brokerage company. All insurance products can be obtained at competitive rates at MENDRE Insurance Group. Our professional insurance team comprises of insurance experts who are citizens of Flordia & Massachusetts or permanent residents. Having extensive knowledge of different companies and how they underwrite we can help you insure everything from your life, health to final expenses, and everything in between.

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