Sean Tanko

Las Vegas Estate Planning & Probate Attorney

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Sep 29 2020

Estate Annuity Strategies: Fixed, Immediate and Stretch Annuities

Top Benefits of Annuities as Part of Estate Strategies

What Is the Purpose of Fixed Annuities?

Fixed and deferred annuities provide two distinct and stable guarantees to estate owners. Firstly, any income invested into this type of structured annuity is guaranteed protected from a loss of income by the insurer of the policy, as well as a guaranteed rate of return, regardless of any other portfolio-related factors. This means that the amount of money originally invested into the annuity will be granted to the heirs based on the minimum amount of the policy, but in some cases more.

Having a policy with a minimum income benefit and minimum withdrawal benefit combined with an accumulation benefit, wherein all benefits are guaranteed, provides estate owners with the assurance that regardless of the performance of the portfolio for the annuity, a minimum amount of income will be available to the beneficiaries of the annuity’s policy.

What About Individuals Who Are Most Concerned About Their Funds Lasting Through Retirement?

For individuals who are more concerned about their account balance not dropping to nothing during their lifetime rather than securing a guaranteed income for their heirs, they can manage this risk through the use of what are known as immediate annuities. More and more evidence is coming out that when an individual allocates a small portion of their retirement income toward providing an immediate and stable income in their retirement years, these types of annuities have the potential to last over the course of the individual’s entire lifetime, no matter how long they live for.

What Strategies Are Useful for Real Estate Owners Who Want More Control?

Estate owners can use stretch annuities in order to maintain better control of the annuity. The way stretch annuities work is that a deferred annuity must be structured so that the beneficiaries of the annuity have to take the proceeds of the policy in the form of an annuity over an extended period of time.

To find out more information about how to benefit from annuities as an estate strategy, you may need to research various estate planning lawyers in Las Vegas.

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Written by editor · Categorized: Blog

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