The Delayed Annuity: Pros and Cons

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Understanding Delayed Annuities

Accumulation Phase

In the accumulation phase, your delayed annuity grows over time. You can choose between single-premium and flexible-premium delayed annuities.

  • Single-Premium Delayed Annuities: Funded with a one-time premium payment, these annuities grow during the accumulation phase without the need for additional contributions.
  • Flexible-Premium Delayed Annuities: These allow you to make additional payments after the initial premium, providing more flexibility and potential for growth.
Distribution Phase

The distribution phase is when you start receiving income from your annuity. You have several options for how to collect this income:

Additionally, you can choose to withdraw your annuity in a lump sum or transfer it to another annuity, giving you control over your funds.

Types of Delayed Annuities
  • Fixed Delayed Annuity: This product offers guaranteed interest rates and works similarly to a certificate of deposit, with taxes deferred until withdrawal.
  • Variable Delayed Annuity: Functions like investing in mutual funds, with returns influenced by sub-accounts performance, carrying more risk but higher potential rewards.
  • Delay Longevity Annuity: This type of annuity begins payments much later than traditional retirement age, providing longevity insurance by kicking in after other assets are depleted.
Delayed Annuity

How We Can Help

At The Annuity Expert, we understand that planning for retirement can be overwhelming. You might be worried about outliving your savings, market volatility, or simply not having a steady income stream in your later years. We’ve been in the insurance, annuity, and retirement planning business for 15 years, helping people like you find the best solutions at the lowest costs.

We stand for providing tailored, cost-effective solutions that ensure you don’t just save for retirement but thrive in it. We fight against high fees and complicated plans that don’t serve your best interests.

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What We Recommend

To secure your financial future, follow these steps:

  1. Contact Us for a Free Consultation: During this initial step, we will assess your current financial situation and retirement goals. The main benefit is gaining a clear understanding of where you stand and what you need to achieve your desired retirement.
  2. Personalized Annuity Plan: Based on your consultation, we will create a customized annuity plan tailored to your needs. This step involves detailed planning and selecting the right type of delayed annuity for you. The main benefit is having a concrete, actionable plan that aligns with your retirement goals.
  3. Implementation and Ongoing Support: We will guide you through the process of purchasing your annuity and provide ongoing support to ensure your plan stays on track. The main benefit is peace of mind, knowing you have expert support every step of the way.

Our services include:

  • Comprehensive Annuity Solutions: Ensuring you get the most suitable annuity for your needs.
  • Tax-Deferred Growth Opportunities: Maximizing your savings potential.
  • Guaranteed Income for Life: Providing financial security.
  • Flexible Withdrawal Options: Allowing you to access your funds when needed.

Common objections might include concerns about fees or the complexity of annuities. However, we offer clear, transparent advice and strive to keep costs low while providing high-quality service. Not working with us could result in missing out on expert guidance and potentially making costly mistakes. On the other hand, partnering with us ensures a secure, well-planned retirement, giving you confidence and peace of mind.

To take control of your retirement and secure your future, contact us today for free advice or a quote.

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Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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