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Investors like annuity policies for a lot of reasons, but a new feature is adding even more certainty to these guaranteed products. Some companies are now offering a death benefit rider on their contracts to assure policy growth every year. This optional feature allows your death benefit to grow each year by a guaranteed rate [...]
June 5, 2019

Category: Annuities, Retirement Planning

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We are all working toward a comfortable, financially stable retirement. We want to enjoy more time with our loved ones while immersing ourselves in the activities that bring us peace and joy. The Hyers & Associates team is here to help you achieve your retirement goals. The fact is you need a plan to create [...]
April 23, 2019

Category: Annuities, Retirement Planning

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As an independent agent, I see a lot of misinformation on annuity policies. One of the primary concerns with investors is liquidity. Some critics say annuities offer no liquidity. This is simply not true. There are several way you can withdraw money from your annuity account. Many have several different liquidity options so you can [...]
March 13, 2019

Category: Annuities

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The Hyers & Associates team works with annuities of all kinds and can help you understand how they are used in conjunction with your retirement - or as an investment opportunity. Many people search for safe and reliable ways to manage their money while retired, and an annuity is an option you should consider. Understanding [...]
February 14, 2019

Category: Annuities

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Investing for the future helps people maximize their income during retirement and ensure security in the years to come. With a variety of options to consider, a one-size-fits-all strategy does not work. Consumers must work with an educated agent and do research to make the most sensible choices. A smart approach is to learn about …

June 28, 2018

Category: Annuities

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After years of hard work, people want to retire and relax. To make this happen, people need to plan for their retirement years. There are many ways to save for your golden years. Often it becomes confusing and people wonder what choices to make. Find out the basics about a fixed annuity and reasons to …

June 5, 2018

Category: Annuities, Retirement Planning

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No matter how old you are, thinking about retirement is essential. Not only is employment changing — with more people being self-employed, it’s less likely that you’ll have a cushy pension to fall back on after you retire — but the very existence of retirement benefits like Social Security may not be as stable as …

October 26, 2017

Category: Annuities

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If you’re considering taking out an insurance policy, it’s important to understand the components that go into it. And review the options that you have, starting with one of the most crucial concepts – the annuity. Are fixed annuities a good investment for you to make? Consider how they work to make an educated decision. …

September 28, 2017

Category: Annuities

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If you are shopping for (or own) a fixed index annuity, you likely have your eyes on a few different indices. Fortunately, 2016 was a good year  for most markets and many annuity accounts showed positive returns. Posted below, we have summed up the returns of the major indexes (like the Dow, S&P 500, NASDAQ, [...]
January 4, 2017

Category: Annuities

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It depends who you ask. For those selling annuities, the answer is usually yes. For those who only sell competing accounts like stocks, bonds and mutual funds – the answer is almost always no. Most everyone has some skin in the game and they’ll work hard to make the case for their products over others. …

January 18, 2016

Category: Annuities, Articles, Retirement Planning

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Qualified longevity annuity contracts (QLACs) are popular retirement vehicles for those who want to create a deferred income stream later in life using pre-tax dollars. Longevity contracts were approved by the IRS in June of 2014 and offer very attractive tax reduction strategies. Many institutions offer these plans, but insurance companies are uniquely suited to …

May 27, 2015

Category: Annuities, Articles, Retirement Planning

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If there is a knock against fixed annuity accounts lately, it’s low interest rates. The Federal Reserve has kept rates low for several years to spur economic growth. In turn, the stock market has provided much higher returns than most fixed interest investments. In response to the overall economic climate, State Life has issued the …

January 15, 2015

Category: Annuities, Articles, Long Term Care Insurance

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It’s an interesting question. In our experience offering hybrid long term care coverage, the answer is: It depends. Some of our clients will benefit more from an annuity and others from a hybrid life insurance plan. We will discuss the pros and cons of each below. Some of the answer can also be found in your …

June 11, 2014

Category: Annuities, Articles, Long Term Care Insurance, Retirement Planning

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The Pension Protect Act (PPA) was passed by Congress in 2006 and became effective in 2010. The law provides tax advantages for consumers who wish to purchase a long term care policy using a non-qualified annuity policy. The provision in the I.R.S tax code allowing for this is called a 1035 tax free exchange. Consumers can use …

March 10, 2014

Category: Annuities, Articles, Long Term Care Insurance

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Understanding monthly point to point annuity with cap accounts is very important if you are a current or potential indexed annuity investor. Typically, these accounts offer some of the highest potential for yearly returns when markets steadily trend upward. This post is the second in our ongoing series discussing indexed annuity sub-accounts. Our first was an explanation …

February 14, 2014

Category: Annuities, Articles, Retirement Planning

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