Do you know how many different types of annuities there are? Immediate annuities, inflation-adjusted immediate annuities, variable annuities, variable annuities with a guaranteed income riders, deferred annuities that function as a form of longevity insurance, annuities with long term care riders, fixed annuities, equity index annuities, equity indexed annuities with guaranteed income riders...
Whew! That’s a lot! And yet we use one word “annuity” to lump all these diverse products together.
There is one thing an annuity is great at. That is to hedge longevity risk; the risk that you might outlive your income.
For clients who want to protect themselves against this risk, immediate annuities, longevity insurance, single premium deferred annuities, and variable annuities with a guaranteed withdrawal benefit or guaranteed income benefit feature should be evaluated and considered.
Coastal offers many annuity products from a vast array companies that all have solid financial ratings.
Ther is too much to describe on this page so please call for details and information on what type of annuity may best fit your needs.