Determining which policy is best to protect your business can be difficult. If you’re not versed on all of the options available to you, it can lead to some serious setbacks. This is especially true when determining the structure of your policy’s annuities. For many business owners, fixed annuities are the best bet. However, there are times when an indexed system is a better option. Take a moment to review these points and learn more about which choice makes the most sense for your company.
Indexed and Fixed Annuities
When reviewing the main points surrounding indexed annuities, you likely will notice that the policy options are quite similar. For one, both policies require that you make routine payments and receive income payments back from your provider. By investing in annuities early, you give yourself additional funding for later your retirement. However, some people find that the better choice is to make a lump sum payment later in the process. Advantages of annuities can include:
- Consistent rates
- Carryover options
The Right Solution
The more you understand about the different policy options available to you, the easier it becomes for you to feel confident in your plan. Take time to weigh out the key differences between indexed and fixed annuities and see which option makes the most sense for your long-term goals