Generate Retirement Income Through Annuities
There's no mystery to providing for a comfortable retirement; it begins with careful preparation. And the sooner you begin, the better. This is particularly true when one considers realities such as inflation, taxes and potential cuts in Social Security benefits. To deal with these issues, many investors are making annuities a part of their retirement strategy.
An annuity is a contract issued by an insurance company that guarantees1 a steady stream of payments at some point in the future. Traditionally, annuities safeguard against the risk of an investor outliving his or her assets by providing periodic income payments that can be guaranteed for life.
There are several types of annuities to fit your needs and goals:
Immediate vs. Deferred Annuities
An immediate annuity is purchased with a single payment and is designed to generate an immediate stream of income. A deferred annuity is characterized by an accumulation period. A deferred annuity is funded through periodic premium payments or by a single, lump-sum payment. The assets accumulate tax-deferred and payments are put off until a later date, at which time a payout option may be selected.
First Investors offers both immediate and deferred annuities, each with its own special features and benefits.
Show me more about the First Investors FIRST ADVANTAGE Fixed Deferred Annuity…
Show me more about the First Investors First Choice Variable Deferred Annuity…
Show me more about the First Investors FIRST ADVANTAGE FOR INCOME Fixed Immediate Annuity…
Fixed vs. Variable Annuities
Annuities that offer a guaranteed rate of return for a set period of time are called fixed annuities. This rate is determined and guaranteed by the life insurance company that issues the contract. In a variable annuity, you are offered investment choices through a selection of “subaccounts” whose values will fluctuate over time. Consequently, the return on a variable annuity is a direct reflection of the investment performance of the subaccounts. The choice of a fixed or variable annuity usually depends on a person's specific needs and goals, as well as risk tolerance.
First Investors offers both fixed and variable annuities:
Show me more about the First Investors FIRST ADVANTAGE Fixed Deferred Annuity…
Show me more about the First Investors FIRST ADVANTAGE FOR INCOME Fixed Immediate Annuity…
Show me more about the First Investors First Choice Variable Deferred Annuity…
Single Payment vs. Flexible Payment Annuities
A single payment annuity is purchased with a single lump-sum payment at the inception of the contract. This means that the funding of this annuity is achieved with one payment. Conversely, flexible payment annuities are purchased with periodic payments, payable on a flexible schedule.
First Investors offers a choice of flexible payment annuities, each with its own special features and benefits.
Show me more about the First Investors FIRST ADVANTAGE Fixed Deferred Annuity…
Show me more about the First Investors First Choice Variable Deferred Annuity…
As well as a single payment annuity, called FIRST ADVANTAGE FOR INCOME:
Show me more about the First Investors FIRST ADVANTAGE FOR INCOME Fixed Immediate Annuity…
1 All guarantees are subject to the financial strength and claims-paying ability of First Investors Life Insurance Company.
