What is an Annuity?

An annuity is an insurance product that pays out income, and can be used as part of a retirement strategy. Annuities are a popular choice for those who want to receive a steady income stream in retirement. We recommend Fixed Annuities to our clients so that your money is guaranteed to grow without the risks associated with the markets. With current uncertainties in the market some clients feel safer with a fixed 5-5.5% rate of return on their money.

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Buying Fixed Annuities 

We have seen a huge flight to safety into Indexed Annuities with the recent 30%+ correction in equities, 25-year interest rate highs, geopolitical war risks, supply chain woes, and 40-year high inflation with the necessities of life. Stock market losses hurt more than market gains help. In markets like we’re experiencing right now, your clients would need a return greater than the loss to get back to the investment’s original value. That means if a 10% loss is followed by a 10% gain, you still carry a loss. You would need an 11% return to fully recover. As losses increase, your money needs to work even harder — just to break even. Consider a strategy built to protect your clients’ portfolios from continuing market declines, and provide income for life.

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With indexed annuities from Elkin Insurance, you have crediting strategies designed to provide 100% downside protection to give your clients peace of mind and offer market upside returns to keep pace with this record inflation that lock gains in every year that can never be lost. Because you’re safeguarded from market losses, even small gains will keep your client’s money growing and working toward their income goals.