Annuity Strategies 1.1.2

360 IMPACT is a financial services company that offers various annuity strategies. An annuity is a type of contract between an individual and an insurance company, where the individual makes payments to the insurance company, and in return, the insurance company promises to make regular payments back to the individual at a future date.

Fixed Annuities

One of the options that 360 IMPACT provides is fixed annuities. This type of annuity guarantees a fixed interest rate for a set period, ranging from one to ten years. It offers a guaranteed source of income and is suitable for those looking for a stable source of retirement income.

Indexed Annuities

Another option provided by 360 IMPACT is an indexed annuity. This annuity is tied to a stock market index such as the S&P 500 and has the potential to earn higher interest rates. However, the indexed annuity also has a cap on how much interest it can earn in return for the potential for higher returns.

Immediate Annuities

Immediate annuities are also available for clients who are close to or already in retirement. These annuities offer an immediate stream of income payments that begin within the first year of purchasing the contract. The immediate annuity is beneficial for clients who want to supplement retirement income with future payments.

Conclusion

With these different annuity strategies offered by 360 IMPACT, individuals can choose what works best for their retirement planning. These types of annuities are customizable and can be tailored to meet individual goals, whether it's stable income via fixed annuities or investing in stocks via indexed annuities.