Grow Your Wealth with an Annuity
Annuities are a powerful way to harness the benefits of compound interest while securing reliable income for your future. At Desert Insured, we’ll help you understand your options and choose an annuity plan that protects your principal, grows your investment, and supports your long-term financial goals.
Get a Free Annuity Quote Now!
Get a free Annuity quote today and explore coverage options that fit your future needs and budget. Our team makes it easy to compare plans so you can prepare with confidence and peace of mind.
Your Annuity Questions Answered
What is an annuity and how does it work?
An annuity is a financial product that provides guaranteed income, typically for retirement. You pay a lump sum or series of payments to an insurance company, and in return, you receive regular payments—either immediately or at a future date.
What are the different types of annuities?
There are several types, including fixed, indexed, and variable annuities. Fixed annuities offer guaranteed returns, indexed annuities are tied to market performance (with downside protection), and variable annuities allow for market-based growth with more risk.
Are annuities a good investment for retirement?
Annuities can be a smart choice for those seeking guaranteed lifetime income, protection from market volatility, and the benefits of tax-deferred compound interest. They are especially useful if you’re concerned about outliving your savings.
Can I lose money in an annuity?
It depends on the type. Fixed and indexed annuities generally offer principal protection, while variable annuities are subject to market risk. We’ll help you choose a product that fits your risk tolerance.
When should I consider buying an annuity?
Annuities are ideal for people nearing retirement or already retired who want to create predictable income. The earlier you start, the more you can benefit from compound growth.
Are there penalties or fees for withdrawing early?
Yes—most annuities have surrender charges if you withdraw funds early, especially in the first few years. However, many offer penalty-free withdrawals up to a certain limit each year.
What is a fixed annuity?
A fixed annuity provides guaranteed interest and steady income payments, making it a safe and predictable option for retirement planning. It’s ideal for conservative investors who want stability and protection from market risk.
What is an indexed annuity?
An indexed annuity earns interest based on the performance of a market index (like the S&P 500), with built-in protection so you won’t lose money if the market drops. It offers growth potential with less risk than variable annuities.
What is a variable annuity?
A variable annuity allows you to invest in a selection of mutual fund-like accounts, with income payments that can grow or shrink based on market performance. It carries more risk but offers greater growth potential and optional riders for added benefits.