Keep Your Financial Resources Protected.
Klamath Insurance Center, Inc understands the value of saving for and investing in your future. If you’re like many Americans, you work diligently each day and take the right steps to ensure that you’ll be supported with a comfortable income after you retire. That’s why it’s smart to have the right coverage options under your retirement plan because in some cases, you can actually outlive your income.
The last thing you’ll want to experience as a retiree is a loss of your financial resources. With an Annuity from Klamath Insurance Center, Inc, you can ensure that your finances are covered – for a healthy and happy retirement. Annuities are essentially products that guarantee a steady income stream. Based on your plan, you can receive money either on a set schedule or in a lump sum. Guarantees are based on the claims paying ability of the insurance company.
Types of Annuities
Klamath Insurance Center, Inc can offer two types of Annuities: Deferred and Immediate Annuities.
Deferred Annuities are products that you make either over a period of time or all at once. Since these Annuities are tax-deferred, you only have to start paying taxes upon withdrawal. Deferred Annuities are either fixed or variable*, meaning your payout is either a fixed sum or an amount in accordance to the performance of the market/group of products.
Immediate Annuities are payments that you can receive right after you make your contribution. This type of Annuity is typically for those around the retirement age who want to secure their financial future. Like Deferred Annuities, you only pay taxes upon withdrawal.
It’s important to discuss your options with a specialist at Klamath Insurance Center, Inc who is committed to helping you make the right decisions.
Early withdrawals from these long term investments may result in surrender penalties. Withdrawal prior to age 59½ may be subject to a 10% federal tax penalty. Guarantees rates are backed by the claims paying ability of the issuer.