Annuities
There are two types of annuities, the immediate and deferred annuity depending on how payments are made. Immediate annuities begin immediately, that is the consumer starts to get payments immediately.
A deferred annuity is designed to grow over time until payments start.
Within the annuity world there are fixed and variable annuity contracts. With a fixed annuity, the insurance company guarantees the consumer a specific payment at a future time. With variable annuity contracts, the insurer invests in a portfolio of mutual funds chosen by the consumer. Payment is established based on resulting performance of these mutual funds when consumer triggers payment of the annuity.
Annuities are insurance products designed to provide consumers with guaranteed income for life. The annuity contract is a legally binding, written agreement between a consumer and the insurance company issuing the contract. Risk of outliving your savings is transferred from the consumer to the insurance company.
Most annuities are designed to supply a stream of income a person can’t outlive. By a consumer providing a lump sum payment or an installment, this insurance product grows tax-deferred until annuitization, or distribution of the annuity begins.
Annuities can be an important part of a retirement and should be looked at a possible solution.
Insurance and annuities offered through Vicki Joern, TX License #1081644 and/or Karl Joern, TX License #1998944. Bee Financial Partners, LLC. is an Investment
Advisory practice that offers products and services through Impact Partnership Wealth, LLC (IPW), a Registered Investment Adviser. IPW does not offer insurance products.
The insurance products offered by Vicki or Karl Joern are not subject to Investment Advisor requirements. Bee Financial Partners, LLC. is not affiliated with the U.S. government
or any governmental agency.
No information or material presented on this website is intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Impact Partnership Wealth offers a broad range of investment advisory (including financial planning) and other services. Additional information is available in our Client Relationship Summary which can also be accessed here on this website, https://impactpartnershipwealth.com/wp-content/uploads/2021/06/Impact-Form-CRS.pdf.
Insurance and annuities are offered through Vicki Joern, TX License #1081644 and/or Karl Joern, TX License #1998944.
Please be advised that the securities advice offered, securities transactions conducted and assets under management services rendered by Impact Partnership Wealth, LLC are not: