AS OF JULY 2016, I AM MOVING MY ANNUITY CONTRACTS OVER TO SENIOR MARKET SALES. THE REASONS FOR DOING THIS ARE THAT MY PARTNER, RUSSELL LUCE, IS CONTRACTED WITH SENIOR MARKET SALES AND I FEEL THAT SENIOR MARKET SALES HAS MORE OPTIONS FOR MY CLIENTS.
I WANTED TO PROVIDE EVERYONE WITH SOME UPDATES. MY PRIMARY FOCUS OF CHICAGO’S FINEST FINANCIAL IS TO HELP INDIVIDUALS, COUPLES AND FAMILIES PREPARE FOR RETIREMENT. I KNOW OR HAVE READ ABOUT TOO MANY INSTANCES WHERE:
-THERE WAS PREMATURE DEATH IN THE FAMILY OR OF THE PRIMARY BREADWINNER
-THERE WAS NOT ANY OR ENOUGH LIFE INSURANCE
-LONG TERM CARE WAS NEEDED AND THERE WAS NO PLAN IN PLACE
-ONE DID NOT SAVE ENOUGH FOR RETIREMENT OR ONE WAITED TOO LATE IN THEIR CAREER TO START SAVING
-THE MARKET DROPPED AND A GOOD PORTION OF THEIR RETIREMENT ACCOUNT WAS LOST (2008)
-THE PRIMARY BREADWINNER BECOMES SICK OR DISABLED AND CAN NO LONGER WORK
-THE RETIREE RUNS OUT OF RETIREMENT MONEY
THERE ARE MANY MORE EXAMPLES OF WHAT COULD HAPPEN. THESE ARE JUST A FEW OF THE MOST COMMONS EXAMPLES. SOME OTHER CONSIDERATIONS WHEN PLANNING FOR RETIREMENT ARE:
-TAXES (HIGHER TAXES AND LESS WRITE-OFFS)
SEE MY SERVICES PAGE FOR THE PRODUCTS THAT I HAVE AVAILABLE. I NO LONGER OFFER OR HANDLE PROPERTY AND CASUALTY (HOME, AUTO, RENTERS ETC) OR HEALTH/MEDICAL INSURANCE. IF YOU HAVE QUESTIONS OR NEED A QUOTE FOR P & C OR HEALTH/MEDICAL, I CAN REFER YOU TO ONE OF MY BROKERS WHO SPECIALIZE IN THESE FIELDS.
THIS POST IS TO PROVIDE ADDITIONAL INFORMATION REGARDING THE FIXED INDEXED ANNUITIES OFFERED BY ATHENE (BALANCED CHOICE ANNUITY) AND NATIONWIDE (NEW HEIGHTS). BOTH PRODUCTS FALL UNDER ANNEXUS. THIS POST WILL PRIMARILY CONSIST OF LINKS AND VIDEOS.
FROM THE ANNEXUS WEBSITE IS A LIST OF RETIREMENT TRENDS FOR BABY BOOMERS. PLEASE READ AND SEE WHICH TRENDS APPLY TO YOU. CLICK HERE FOR THE LINK. HERE IS ANOTHER LINK ON FIXED INDEXED ANNUITIES AND THEIR RISING POPULARITY.
What is a fixed indexed annuity?
A fixed indexed annuity offers returns based on the changes in a securities index, such as the S&P 500® Composite Stock Price Index. Indexed annuity contracts also offer a specified minimum which the contract value will not fall below, regardless of index performance. After a period of time, the insurance company will make payments to you under the terms of your contract.
- A fixed indexed annuity is not a stock market investment and does not directly participate in any stock or equity investment. It may be appropriate for individuals who want guaranteed interest rates and the potential for lifetime income.
- Lifetime income may be provided through the purchase of an optional rider for an additional cost or through annuitization at no additional cost. If you take withdrawals before you’re age 59½, you may have to pay a 10% early withdrawal federal tax penalty in addition to ordinary income taxes. Withdrawals may trigger early surrender charges, reduce your death benefit and contract value.
HERE IS A YOUTUBE VIDEO THAT EXPLAINS THE BALANCED CHOICE ANNUITY
THIS NEXT VIDEO IS FROM THE NATIONWIDE NEW HEIGHTS FIXED INDEXED ANNUITY. THE JP MORGAN MOZIAC IS ONE OF THE INDEXING STRATEGIES.
THIS VIDEO IS FROM DRESSANDER BHC REGARDING THE NATIONWIDE NEW HEIGHTS.
MORE ON THE NATIONWIDE NEW HEIGHTS
I WANTED TO POST SOME ADDITIONAL INFORMATION ON WHAT A FIXED INDEXED ANNUITY (FIA) IS. HERE IS A LINK TO FURTHER EXPLAIN A FIXED INDEXED ANNUITY.
I AM CURRENTLY CONTRACTED WITH DRESSANDER BHC FOR FIXED INDEXED ANNUITIES. THE TWO COMPANIES PRIMARILY USED ARE NATIONWIDE WHICH HAS THE NEW HEIGHTS FIA AND ATHENE WHICH HAS THE BALANCED CHOICE ANNUITY. BOTH FALL UNDER THE ANNEXUS GROUP. PRODUCT SPECIFIC INFORMATION CAN BE FOUND HERE.
I am contracted with Dressander BHC for fixed indexed annuities. The two primary fixed indexed annuities that I deal with are: Nationwide New Heights and Athene Balanced Choice Annuity. Both are ANNEXUS products and brochures are available here: For those who are employed by the City of Chicago and Cook County, Nationwide is currently the company that is used for Deferred Compensation. A fixed indexed annuity is a great way to protect your money and guarantee a lifetime income stream.
HERE ARE TWO VIDEOS TO FURTHER HELP EXPLAIN THE FIXED INDEXED ANNUITIES: