What are the key strengths of FIAs

What are the key strengths of FIAs?

• They offer safety of principal and generally guaranteed minimum returns.
• They offer tax deferred growth.
• They have no annual contribution limits as long as they are flexible premium FIAs.
• There is a guaranteed death benefit for your beneficiaries.
• There are no penalties for mandatory distributions at age 70 ½.
• They give you the option of receiving a guaranteed income for life, called annuitization, or may offer a Guaranteed Minimum Income Benefit (GMIB) for life without having to annuitize.
• They may avoid probate.
• They allow for participation in market increase.

• Your participation in market increases is limited.
• Feature variations can make choosing the right FIA challenging.
• When withdrawn, earnings are taxed as ordinary income based on your tax bracket at the time of withdrawal.
• Withdrawals made prior to age 59 ½ are generally subject to a 10% penalty unless certain circumstances apply.

For a free consultation please click below and fill out the form. There is NO obligation.