In preparing for retirement, it’s essential to keep your own long-term financial stability and security in mind. And with the uncertain future of social security, the disappearance of pension plans, and more individuals than ever nearing retirement, there’s never been a better time to take responsibility for the safety and protection of your retirement savings by exploring the benefits that annuities – and specifically fixed deferred annuities – can offer.
Fixed deferred annuities are designed to help protect your own nest egg against uncertainty. And yet, they have a lack of awareness and may seem enigmatic to many people.
So, what are annuities? Simply put, an annuity is an insurance contract that can protect you from outliving your money by providing you with the opportunity to guarantee a stream of income for life. More specifically, a fixed deferred annuity is a form of annuity that protects funds from losing value because they pay a fixed, guaranteed interest rate for an initial period. The rate may change later but cannot drop below a guaranteed minimum. And, unlike many other savings options, gains are tax deferred.
For those approaching, or at, retirement age, Liberty Life Assurance Company of Boston’s fixed deferred annuities can help provide a safe way to accumulate and protect funds. We encourage you to learn more about how they can help you take responsibility for the security and protection of your nest egg.
Liberty Life’s Freedom Series Builder Annuity offers all of the benefits of a fixed deferred annuity while allowing you the innovative option of choosing to add extra privileges in exchange for a reduction in interest rate. This modular design is ideal for those who desire more control over the design and price of their annuities, as most annuities come “pre-packaged” with features that buyers must pay for, but may not actually need. No matter what your goals are, a Liberty Life agent can help provide you with a full analysis and determine the ideal solution.
These services are offered by Liberty Life Assurance Company of Boston, a member of the Liberty Mutual Group, as part of their long-standing mission of helping consumers live financially safer, more secure lives by offering a safe and conservative portfolio of life insurance and annuity products.
If you haven’t explored annuities yet, you can take advantage of Liberty Mutual’s full resources here.
We also encourage you to read an assortment of articles related to life’s many journeys:
Moving Day - When a degenerative illness strikes, an aging couple faces transition with dignity and grace, moving to a retirement home after 44 years in the same house.
The Right Kind of Happy - Does living with a true sense of purpose improve physical health and lower risks of cardiovascular disease and Alzheimer’s?
A Working Retirement - A writer’s father finds a new calling after a lifetime of work.
My Neighbor, My Caregiver - A growing number of elderly Americans are receiving help from those just next door.
Coming Home Again - Are adult children who move back in with their parents freeloaders?
The Small Town that Lives Big - LeRoy residents pay a surprise inheritance forward – and the giving continues.
Kick the Habit - The debate around a Medicare program to help older smokers quit.
 Liberty Life Assurance Company of Boston, a member of Liberty Mutual Group, issues Freedom Series Builder Annuity on policy forms SPDA-2010023, ICC10-SPDA-2010023 as applicable (SPDA-2010023-NY) and state variations identified by state code. Product availability may vary by state. Features and benefits may vary based on state approval. Home office: Boston, Mass. Service center: Dover, N.H.