Annuities

The benefits of saving through a fixed annuity are guarantees, flexibility, and long term tax-deferred growth. Annuities are a smart way to financially prepare for retirement or any long term financial goal.

Annuities have two stages: The deferral stage is where you purchase an annuity from an insurance company through either a lump sum or periodic payments and it grows tax-deferred until you access the annuity for retirement. Stage two comes when the insurance company begins making payments back to you from the accumulated value of your annuity - often called the annuitization or income stage.

If you would like to protect your retirement savings through guarantees, plus have a stream of income that cannot be outlived, Life Insurance Company of the Southwest’s (LSW) Guaranteed Lifetime Income Rider (GLIR) combined with either a fixed interest or indexed annuity can provide an excellent savings and income solution.

The GLIR Rider provides guaranteed income for life while still allowing you access to your remaining deferred account in the event you have additional cash needs. It also has a feature that will allow you to increase the level of income you are receiving should you suffer a chronic illness. This increased income can be used to help offset cost associated with your illness.

Annuities could be your best option for retirement because they offer a low risk, tax-deferred retirement plan to lead you on your way to a financially stable retirement.

Guaranteed Lifetime Income Riders (GLIR), Form Numbers 7960, 7963 and 7965 are an optional benefit for which premium is charged, are available at issue only, and may not be available in all states.

Guarantees are dependent on the claims-paying ability of the issuing company. LSW is not licensed in New York and does not do an insurance business in New York.