Growth Annuities
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The Financial Benefits of a Growth Annuity
At ALEVO, we specialize in protecting the financial well-being of individuals, businesses, and families. One of the most effective tools we recommend for long-term financial security is the
growth annuity. Understanding the financial benefits of a growth annuity can help you make informed decisions about your wealth management and insurance planning needs.
What Is a Growth Annuity?
A growth annuity is a type of deferred annuity that allows your investment to accumulate earnings on a tax-deferred basis. Unlike immediate annuities, which begin payouts right away, growth annuities focus on building wealth over time. This financial product is designed to grow your savings and provide a source of income during retirement.
What Is a Growth Annuity?
Tax-Deferred Accumulation: Earnings such as interest, dividends, and capital gains compound without being reduced by taxes until you make withdrawals.
Potential for Higher Returns: Depending on the type—fixed, variable, or indexed—you have the potential to earn higher returns compared to traditional savings accounts.
Protection Against Market Volatility: Fixed and indexed growth annuities offer safeguards against market downturns, ensuring your principal investment remains secure.
Flexible Withdrawal Options: Choose from various payout options, including lifetime income streams, providing financial stability throughout retirement.
No Contribution Limits: Unlike IRAs and 401(k)s, growth annuities do not have annual contribution limits, allowing more aggressive investment toward retirement savings.
Estate Planning Benefits: Many come with death benefit provisions, ensuring remaining funds can be passed to beneficiaries, potentially avoiding probate.
Customization and Riders: Add features like long-term care benefits or inflation protection to enhance your investment.
Why Join ALEVO?
At ALEVO, our team of experienced professionals is dedicated to crafting personalized financial strategies that align with your goals.
Expert Guidance: We have in-depth knowledge of growth annuities and can help select the right product for your needs.
Comprehensive Planning: We integrate growth annuities into a broader financial plan encompassing wealth management and insurance planning.
Ongoing Support: Continuous monitoring ensures your annuity and financial plan remain aligned with your objectives.
Final Thoughts
Investing in a growth annuity is a strategic step toward a secure and prosperous future. To learn more about how a growth annuity can benefit you, contact ALEVO. Let us help you protect what matters most—your financial peace of mind.
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ALEVO Financial & Insurance Agency
ALEVO is an Insurance Firm that offers retirement income and protection strategies using life insurance and annuity products. Our licensed insurance professionals are independent and can offer a wide array of insurance products and services to help meet your unique needs.
CA insurance license #6002118.
We are not affiliated with any educational or government agency, and do not provide investment, tax or legal advice. Always consult with your own qualified investment and tax/legal advisors. Insurance and annuity products are not suitable for everyone. They involve fees and charges, including possible surrender penalties. Optional benefits and riders may involve additional annual cost. Life insurance involves medical and often financial underwriting to qualify. Life insurance loans and withdrawals will reduce policy death benefits and cash values and may cause the policy to lapse or require additional premiums to keep the policy in-force. Annuity withdrawals are subject to ordinary income taxes, and potentially a 10% IRS penalty before age 59-1/2. Product feature and availability may vary by state. Fixed indexed life insurance and annuities are not investments in the market or index. The interest credited on your contract may be affected by the performance of an external index. However, your contract does not directly participate in the index or any equity or fixed interest investments. You are not buying shares in an index. Interest credits are subject to limits set by the issuing company, such as caps, spreads and/or participation rates.
Guarantees are backed by the financial strength of the issuing company.
We offer expert insurance solutions in form of the most basic individual protection plans to the most complex retirement & business protection plans for individuals as well as businesses.
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