Annuities
Annuities from Arizona Financial Services are designed to provide you with a reliable income stream and peace of mind for your financial future. With benefits such as tax-deferred growth, avoidance of probate, and guaranteed lifetime income, annuities can help secure your retirement.
Contact us today to learn more about how annuities can fit into your financial plan.
Tax-Deferred Growth
Tax-deferred growth allows your money to grow faster because you earn interest on dollars that would otherwise be paid as taxes. Your principal earns interest, the interest compounds with the contract, and the money you would have paid in taxes earns interest. This chart shows the impact of a tax-deferred annuity.
May Avoid Probate
Annuities offer the ability to name a beneficiary, which may minimize the expense, delays, and publicity that comes with probate. Your named beneficiary may receive death proceeds as either a lump sum or monthly income.
Lifetime Income
Annuities can provide you with a guaranteed income stream with the purchase of a tax-deferred annuity. You have the ability to choose from several different income options, including life or a specific period. With non-qualified plans, a portion of each income payment represents a return of premium that is not taxable, reducing your tax liabilities.
Types of Annuities
Arizona Financial Services understands that, depending on your individual situation, you need the ability to choose whatever type of annuity fits you best. With Arizona Financial Services, you have the ability to choose:
- Traditional Fixed Annuity: It offers a declared fixed interest rate that is guaranteed for a specific period and guaranteed to never go below a specific percentage.
- Fixed Index Annuity: The interest rate credited to your annuity contract is linked to specific market indices that you can choose on an annual basis. Once the interest is credited, you are guaranteed that it can never go down based on future market fluctuations.
- Immediate Annuity: You are guaranteed an income stream ranging from a specific period of time to your entire life. An immediate annuity offers a solution to the problem of outliving your money.
Different Kinds of Annuities
- I.R.A.: Individual Retirement Accounts
- Roth I.R.A.
- S.E.P: Simplified Employee Plans
- 401-K: Group Retirement Plans
- 529: Education Plans
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