Services: Annuities
Who's Who in a Fixed Indexed Annuity
A fixed indexed annuity contract involves up to four, but typically three, different parties. These are the Insurance Company, the Contract Owner and Annuitant, and the Beneficiary or Beneficiaries.
- Insurance Company: This is the company that issues the annuity. This company holds onto your money, and is responsible for backing the guarantees that an annuity comes with.
- Contract Owner: The individual who purchases an annuity and determines the beneficiaries. The contract owner and annuitant are usually the same person, but this is not always the case. This is why we say that there are three, sometimes four parties.
- Annuitant: The annuitant’s life expectancy determines when and how much they will receive in benefits. Typically, they are also the contract owner.
- Beneficiary: In the event of the annuitant’s death, the death benefit will be paid to the beneficiary or beneficiaries designated by the contract owner.
Reach Out
Serving Michigan, Greater Cleveland & Surrounding Areas
Choosing the Right Retirement Professional
The most favorable route to take when learning about fixed-indexed annuities is to reach out to a financial professional with experience in their field. There is no “one-size-fits-all” retirement strategy. And, how you manage your money now has a lasting impact on the rest of your life. So, be sure to reach out to someone who can walk you through all your options, and help you make the right decisions.
At GreenLine Retirement, LLC, we aim to protect our clients’ retirement futures. We understand the importance of protecting the savings retirees have built up over their lifetimes. We can help you learn more about fixed indexed annuities. Reach out to us to schedule a one-on-one meeting. We can discuss your individual needs and goals with you. Or, if you’d like to learn more about FIAs and the other products we’d recommend, while enjoying some delicious food, reserve a spot at one of our dinner seminars. These events are at no cost to attend, and offer information on a variety of essential topics.
