Life happens, which is why insurance was invented. Whether you want to provide for your family in case of an emergency or someone forgets to turn off the stove...again; insurance of all sorts can help cushion the blows to your wallet and financial well-being. However, just as life is always changing, so too are your insurance needs and costs. Once a year, you should reevaluate your insurance needs and coverage for any change. While you may not be able to change health insurance in the middle of the year, items like car and home can be changed with a little research and not much effort.
Disability Insurance
Long Term Care
Cantrell Financial Services has over 30 years of experience in helping individuals, businesses, and groups with their financial planning needs. We have education & certified in Insurance, investments, budgeting, retirement, college planning, long term care, estate planning, paralegal services, trust, wills, charitable creation, and real estate flips. At Cantrell Financial Services, we know that it is your retirement, and you should have control over it. We offer our experience and knowledge to help you design a custom strategy for financial independence.
In short, an annuity is a fixed sum of money paid to someone, typically for the rest of their life on a annual basis. While guaranteed income is a great addition to any retirement plan, its crucial to know the two types of annuities and how they differ. A Fixed Index Annuity (FIA) typically provides a set amount of money annually in exchange for a lump purchase payment. An FIA is the safest annuity type as it is offers no market downturn and a guaranteed rate of interest. On the contrary, a Variable Annuity provides irregular payments based on investment funds designed by the insurance company. In addition, directly correlates with the market, so any downside in the market will reflect in a loss in return.