Annuities

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ALB insurance Marketing provides a wide variety of fixed and indexed annuities to meet your clients’ needs. Our in-house case managers and case design specialist are here to make sure you are equipped with the most completive tools and products when presenting to a client. We also offer marketing programs and proprietary lead systems to put you in front of more prospects and increase your sales.

Managing annuities gives an agent considerable responsibility for a client’s financial investments.

ALB Senior Markets' annuity packages can meet multiple specifications of agents and their clients.

What is an annuity?

Agents often realize that annuities are sometimes hard to explain to clients. However, they don't have to be. Annuities are long-term investment plans between an insurance company and an annuity client.

A client pays a certain amount of money, the annuity, to an insurance company. The insurance company then invests that money and pays the beneficiary back the earnings (subject to the claims-paying ability of the issuer).

Clients can invest as much or as little money as they want in an annuity. The investment is tax-deferred, so clients can watch their return grow uninterrupted. They will only pay taxes after withdrawing earnings from the annuity.

What annuity options are available?

Annuities come with several different options.

·         Fixed annuities provide clients with a guaranteed interest rate. The insurance company guarantees a rate of accumulation regardless of market performance.

·         Variable annuities fluctuate based on investment trends. You may receive a payout that is more or less than your principal investment. However, you do have more control over where the insurance company invests your money. This gives you more flexibility to set your own growth plans.

Furthermore, annuities come with different return options. Annuity owners can determine how they want to receive funds from the annuity.

·         Immediate annuities can begin paying returns immediately upon investment. Payments can continue for a defined period or for life. Insurance companies determine how much to pay based on the principal investment and the person’s life expectancy.

·         Deferred annuities come in two sections:

o   Accumulation: Occurs when a client adds money to the annuity. Clients may pay in a lump sum, or add payments over time. There is usually no time limit on accumulation.

o   Distribution: When it comes time withdraw from the annuity, clients have options. They might withdraw the money at one time, or receive supplementary payments for life.

Annuity agents should responsibly guide their clients through the annuity selection process. ALB Senior Markets can help agents better serve the needs of their clients.

Why buy an annuity?

Annuities can help senior citizens live more comfortably as they age. They might be able to use annuity returns to supplement their income or build an inheritance.

If you’re an agent who wants to help plan your client's future with an annuity, contact us today. We can answer your questions, and direct you to an Advance Markets Specialist who can help you structure your plan.