Annuities
Made Simple
Turn your savings into a strategy for retirement.
Annuities can help you protect and grow retirement savings, create predictable income, and reduce exposure to market risk. Detroit Financial Services can help you compare annuity options and find a strategy that fits your retirement goals
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Fixed annuities provide a guaranteed interest rate for a specified period, helping protect your principal from market losses while allowing your money to grow tax-deferred.
Options such as multi-year guaranteed annuities (MYGAs) can be useful for clients looking for predictable growth and greater certainty as part of their retirement strategy.
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Fixed indexed annuities provide growth potential based in part on the performance of a market index while protecting your contract value from direct market losses.
Interest is credited according to the contract’s terms, which may include participation rates, caps, spreads, or other limits. These products can offer a balance between principal protection and growth potential.
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Variable annuities allow your contract value to be invested in market-based investment options, offering greater growth potential along with the risk of investment losses.
They may also offer optional features for retirement income or death benefits. Because values can fluctuate with market performance, variable annuities involve more risk than fixed or fixed indexed annuities.
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Annuities can be structured to provide predictable income for a specific period or potentially for the rest of your life. This may include immediate annuities that begin paying income shortly after purchase or other annuity strategies designed to provide guaranteed lifetime income.
We can help you compare income options, guarantees, liquidity, and other features to determine how an annuity may fit within your overall retirement strategy.
Annuities can serve different purposes depending on your retirement goals. Understanding how they grow, provide income, and differ in guarantees, risk, and access to your money can help you decide which options may be appropriate for you.
Understanding Your Annuity Options
Getting Your Life Insurance Coverage Is Simple
STEP 1
Understand Retirement Goals
Tell us about your retirement goals, timeline, income needs, and the assets you're considering. We'll start by determining whether an annuity may fit your overall strategy.
STEP 2
Compare Your Options
We compare available annuity options based on guarantees, growth potential, income features, liquidity, surrender periods, and other important contract provisions.
STEP 3
Select Your Strategy
If an annuity fits your goals, we’ll help you select an appropriate option and review the contract features, benefits, costs, and important limitations before you apply.
STEP 4
Put Your Strategy in Place
Once you're ready to proceed, we’ll help complete the application, funding, and any remaining requirements to put your annuity strategy in place.