Fixed Index Annuities in Winston Salem
As scientific knowledge has advanced, people have started living longer and longer. Now is the time to prepare for the future and improving your financial outlook. One solution that can help accomplish this is a fixed index annuity.
Talk to the financial professionals at Semmax Financial Group to learn more about fixed index annuities. We help families to secure their future in the Winston Salem area.
What Are Fixed Index Annuities?
There are differences, both large and small, between fixed index annuities and other retirement investments. But in the end, they have similar goals: to ensure financial security for you and your family.
To get started, we’ll talk a little bit about all annuities. Basically, there are four types of annuities: fixed, variable, immediate, and fixed index. All of them share certain characteristics. Annuities are a contract between an individual and a financial institution. After making payments for a predetermined time, the financial organization will return this investment (with interest) in incremental payments or as a lump sum. All money placed into an annuity is tax-deferred.
But what separates fixed index annuities from other annuities? Fixed index annuities are tied to a specific financial index, like Nasdaq of the S&P 500. People choose this type of annuity because there is the ability to make a greater return than other options. Many investments offer little more than to return your premium and a small amount of interest. Fixed index annuities, on the other hand, have the potential to earn a higher, market-linked interest rate with less exposure to stock market risks.
Call Semmax Financial Group to Learn More
If you have any questions regarding fixed index annuities or want to set up a personalized consultation, please contact our office in Winston Salem.
*Disclosure: Insurance Products guarantees are subject to the financial strength and claims‐paying ability of the issuing company, and may be subject to restrictions, limitations or early withdrawal fees. Annuities are not FDIC insured.