Joint Life Annuity

Joint Life Annuities

If you want to invest in annuities, and you have dependents, Joint Life Annuities represents a secure option to protect your investment and your dependent’s future income. A Joint Life annuity will still provide you with a guaranteed lifetime return on your investment. However, in case you die a premature death, the payout is transferred to an annuity beneficiary of your choice.

Joint Life Annuities are an excellent option for couples with asymmetrical pension arrangements, or those who want to prioritize the economic well-being of their children. There are special considerations to take into account when choosing Joint Life Annuities. For example, given that the annuity company foresees a more extended payout period, it is likely that your initial return on the investment will be lower.

Regardless of these special considerations, a Joint Life Annuity offers you extended protection on your investment and the potential to provide for your spouse well beyond your death. Joint Life annuities consist of annuity contracts, which stipulate that payments will continue even after the death of the annuity beneficiary.

This model provides the beneficiary with a guaranteed lifetime return on their investment, with the additional benefit of transferring the payout to a new beneficiary in case of untimely death.

Choosing the right investment method can be a daunting task. So, it is best to seek the guidance and advice of a qualified expert.

Annuities are a type of investment model that can provide investors with excellent results as long as they count on good information and an effective advisor.

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Our Annuity Counselors are available to offer complimentary evaluation services for qualified investors. We’ll analyze the annuities you own or are considering, to explain exactly what these contracts truly provide. We also help qualified investors identify opportunities that may be more suitable for a portfolio than an annuity.

Contact us today to schedule an appointment.