A regular source of income is always important for everyone. But it is definitely essential for people who have retired. That is why you should opt for something called the annuities. This is a sort of long-term contract between the purchaser and an insurance company for retirement purposes. This means that the purchaser will be making a series of contributions over a period of time which will help you meet certain expenses once the purchaser retires. We, at Doran Insurance Services, Inc., can be the right solution for you. We are an established and reliable company which can provide you with a wide range of insurance programs, rights from home, health, and business insurance two automobiles, farm, and annuities. We are known for being an independent insurance agency which means you can get a large number of career options. So, if you belong to areas such as, Burlington, IA, Macomb, IL, Aledo, IL, Oquawka, IL, Roseville, IL, or Stronghurst, IL, then you can choose us without any hesitation.
Here, we have put together a few amazing benefits of annuities that you should know. Take a look.
- Tax deferred growth benefits
One of the most important advantages of annuities will be that you do not require paying any taxes on the earnings you make from your annuity investments. Only when you start withdrawing or receiving these periodic payments, can a certain amount of tax be subjected to you.
- More restrictions on after-tax money
There will be no restrictions on the amount of after–tax money that you can put in your annuity investments. Regardless of how much income you have, you will be able to make this kind of an arrangement for your post retirement days.
So, now that you know about these benefits, if you are interested in getting these annuities from us, contact us today.