Refinance Your Retirement

Refinance Your Retirement

March 14, 2024

As you already know, when interest rates are low it’s a good time to refinance your mortgage on your home. Well, the same can be said when rates are high it’s a good time to refinance your retirement. If an annuity contract is part of your retirement plan that you bought a few years ago when rates were lower, now may be good time to have your annuity contract reviewed by a qualified financial professional. In many cases we can increase your contract value, death benefit or your monthly payout even if your annuity is still in the surrender period.

Many insurance companies today are issuing fixed index annuities with higher index strategy participation rates, cap rates, fixed rates plus higher minimum guaranteed growth rates. Also, premium bonuses are available on many contracts today that weren’t available just a few years ago. For example, you can get up to a 19% bonus added to your ‘actual contract value’ on an fixed index annuity that’s focused on growth and accumulation. You can also get as much as 40% added to your income value on a annuity that’s focused on income that can also be taken as a death benefit. Schedule a financial review today!