May reach age 90
About one-third of people age 65 will live to at least 90, according to SSA’s planning guide.
SSA · May 2024 guideANNUITIES · PENSACOLA & THE GULF COAST
You’ve worked for this.
Let’s plan the income.
Retirement should leave room for the life you enjoy. I help you explore how an annuity could support your income, your family and your plans for the years ahead.
PLAN BEYOND THE AVERAGE
More years. More possibilities.
A reason to plan ahead.
May reach age 95
SSA’s same guide puts the chance of reaching at least 95 at about one in seven for people age 65.
SSA · May 2024 guideMay need long-term care
HHS estimates that roughly 70% of people turning 65 will use some form of long-term care during their lives.
HHS · reviewed April 2022Population estimates provide planning context; they do not predict your lifespan or care needs.
LIFETIME INCOME ANNUITIES
Give everyday expenses
a dependable income plan.
We start with your monthly needs, Social Security and any pension. Then we look at the gap—and how much savings you need to keep accessible.
Income that starts soon
An immediate income annuity converts a premium into scheduled payments. A lifetime option can continue as long as the covered person lives. Joint-life options can cover two lives; survivor and refund choices affect the payment.
Income for a later chapter
A deferred income annuity starts payments at a future date. Some fixed or indexed annuities instead offer a lifetime withdrawal benefit rider, with its own fees and withdrawal rules.
Three numbers we’ll keep clear
- Contract value
- The value accumulated in the annuity, subject to its terms.
- Cash surrender value
- What you could receive after applicable charges and adjustments.
- Income benefit base
- A figure some riders use to calculate income. It generally cannot be withdrawn as a lump sum.
Lifetime payments depend on the chosen payout or rider and the insurer’s claims-paying ability. Extra withdrawals can reduce or end rider benefits. NAIC annuity guide.
LONG-TERM-CARE ANNUITIES & CARE BENEFITS
Plan for support.
Protect room for choice.
Care planning is about more than a facility. It can mean help at home, support for your spouse, or assistance with everyday activities. We’ll discuss which insurance features may fit that concern.
Annuities with long-term-care coverage
Some hybrid contracts combine an annuity with a long-term-care insurance rider. Qualified claims can provide a separate care benefit, subject to the contract’s health requirements, benefit triggers, waiting periods and limits.
We’ll check eligible care settings, the monthly benefit and how long it can last.
Enhanced income for care needs
Some income riders increase payments when specified health or care conditions are met. These features can have different eligibility, duration and tax rules from long-term-care insurance.
We’ll identify whether the contract provides actual LTC coverage, an income enhancement or a withdrawal-charge waiver.
Features vary by product and state. Current health and care needs can affect eligibility; an existing diagnosis does not guarantee access to a care benefit. NAIC long-term-care guide · An insurer’s example of a hybrid annuity with LTC coverage. This example explains a product structure; it does not confirm availability through this agency.
FIXED, INDEXED & BONUS ANNUITIES
Understand what the numbers
mean for your money.
Fixed annuities / MYGAs
A fixed rate applies for a stated period. We’ll review that guarantee period, renewal terms and how withdrawals work.
Fixed indexed annuities
Interest follows an index-based formula. You do not own the index. Caps, participation rates, spreads and crediting periods affect what is credited; charges can still reduce value.
Bonus annuities
A bonus can add value under specific contract rules. Vesting or recapture provisions may limit what you keep after a withdrawal or surrender.
A bonus deserves a closer look.
- Where is it credited: contract value, the income calculation, or both?
- When can you access it, and what could cause you to lose it?
- How do the surrender period, fees and interest terms compare?
- If replacing a contract, what benefits and surrender costs are involved?
A premium bonus is not an annual rate of return. We’ll compare the complete contract and your current options.
OUR CONVERSATION
Your priorities set the direction.
Your income
What needs to be covered each month, and when should payments begin?
Your access
What stays available for emergencies, travel, health costs and family?
Your contract
What is guaranteed, what can change, and what does it cost to leave?
Annuities are insurance contracts, not bank deposits or FDIC-insured products. Guarantees rely on the issuing insurer’s claims-paying ability. Surrender charges, market value adjustments, rider fees and taxes may apply. An IRA annuity adds no extra tax deferral to the IRA. Tax treatment depends on your circumstances; review it with your tax professional.
Local to Pensacola
Personal guidance for families across the Gulf Coast and the states I serve.
6 years of experience
Time in the industry. Time to listen. A clear explanation before you decide.
Trust through transparency
We review the benefits, costs and limitations together. Your questions are welcome.
Licensed in: Alabama · Florida · Tennessee · Georgia · North Carolina
Let’s put your retirement questions on the table.
Bring an existing statement or simply your goals. We’ll work through income, care concerns and access to your savings together.