Annuity Basics

AmeriGuide Financial partners with the strongest insurance carriers and financial companies in the industry in order to offer its clients the most comprehensive product portfolio possible. We believe individualized financial and insurance advice coupled with industry-leading products positions our clients with the most effective financial plans possible.

Annuities are savings and distribution vehicles which are used to accumulate and distribute wealth. There are many different types of annuities such as: fixed, indexed, equity-indexed, variable and more. Typically, annuity owners will make contributions to annuities throughout their careers, often referred to as the accumulation period. Once the annuity owner retires, he or she can choose to annuitize their annuity, which means halting contributions (making payments) and beginning to receive distributions (receive payments) either in a lump sum or a stream of payments. This phase is called the distribution phase. There are many options to the length and circumstances of the distributions during the distribution phase.

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