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Annuities & Insurance

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From retirement income to protecting your assets and family, annuities and insurance can play a key role in your overall financial plan.
Today, investors have a lot to protect including primary homes, vacation homes, children, businesses, investments and their income. And, if you’re retired, concerns turn toward living longer, your grandchildren and maintaining your lifestyle.

Maintaining and protecting your and your family’s lifestyle is contingent upon several factors including: 

  • Ensuring your retirement savings lasts and generates income
  • Providing protection for your loved ones in the event of a tragedy

Annuities and insurance can play a key role in your overall financial plan. But first, let’s talk about some basics.

From retirement savings to retirement income
If you are concerned about the risk of investing in equity markets, or having enough income to support your lifestyle in retirement, annuities may be a suitable solution for you. Annuities represent another way to diversify your portfolio and can ensure that a portion of your retirement savings provides a certain level of guaranteed income for life.

Here are some of the reasons an annuity might be right for you.

Need income now?
An immediate annuity may be right for you. Here you can turn a lump sum of money into regular guaranteed payments with a variety of payout options. An immediate annuity will not accumulate any earnings - it is simply purchased to provide immediate income.

Need income later? A deferred annuity can meet this need. Contribute either a lump sum of money or periodically as your money grows tax-deferred with a certain level of guaranteed returns. A deferred annuity provides a steady stream of income with flexible payout options.

Need income for life?  Certain features that make annuities attractive are living benefits. Living benefits, such as Guaranteed Minimum Withdrawal Benefits (GMWBs), provide guaranteed income for life, can help capture gains in up markets, and can shield your investment from losses in down or flat markets.

Fixed vs. Variable Annuities
Based on your risk tolerance and income needs, your Financial Advisor may recommend a fixed or variable annuity with or without a living benefit. Both are deferred annuities and have the ability to generate an income stream from your retirement savings.

Fixed  A safe place for your investment to grow tax-deferred at a stated fixed rate that is guaranteed for a certain period of time until your income stream begins.

Variable  Variable annuities offer a menu of professionally managed investment options from conservative to aggressive so your investment has the opportunity to participate in the market.

Protecting your assets and your family
The purpose of an insurance policy is to protect your family and loved ones from the loss of income in the event you fall ill or die. There are two types of insurance for the purpose of discussing asset protection for your family and loved ones: life insurance and long-term care insurance.

Life Insurance  provides a measure of financial security and protection against the loss of income by providing your heirs with a payout upon your death. Life insurance can also be used as a tax-advantaged way to accumulate wealth or to fund a charity upon your passing.

Long-Term Care Insurance  proper planning for a long-term illness can be your biggest ally in protecting your assets. Considering rising healthcare costs and inflation, long-term care insurance can protect your family’s savings and plans for the future in the event that you are diagnosed with a serious medical condition that impedes your ability to work, or live on your own.

Your Janney Financial Advisor will work with our Annuity and Insurance specialists to help clarify your needs and show you how annuities and insurance may be suitable retirement income and asset protection vehicles for you.

Contact your Janney Financial Advisor to get started.

Janney investment professionals are available to discuss the suitability and risks involved with various financial products and strategies. We will be happy to provide a prospectus, when available, and other information upon request.