Do Banks Offer Annuities?

Shawn Plummer

CEO, The Annuity Expert

Yes, Banks Offer Annuities

Banks do offer annuities, but their selection is often limited. They usually sell annuities from separate insurance companies. However, it’s crucial to note that because annuities are a long-term financial commitment, they directly impact your retirement quality. Therefore, exploring and comparing different annuity products is essential.

Importance of Exploring Annuity Options

  1. Limited Selection in Banks: Banks may not have a diverse range of annuity products.
  2. Personalized Needs: Each individual’s financial situation and retirement goals are unique. It’s vital to find an annuity that aligns with your specific needs.
  3. Impact on Retirement: The right annuity can significantly enhance your financial security during retirement.

Related Reading: Retire at 65 with $1 million

Seeking An Independent Annuity Broker

An independent annuity broker, like The Annuity Expert, can be highly beneficial. They offer:

  • Broader Product Range: Access to a wide variety of annuity products.
  • Personalized Service: Tailored advice based on your individual retirement goals and financial situation.
  • Expertise and Knowledge: Professional guidance in navigating complex annuity options.

Conclusion

While banks offer annuities, their limited selection means you might not find the best product for your needs. Seeking out an independent annuity broker, such as The Annuity Expert, is recommended to ensure you choose an annuity that best suits your unique retirement goals. Contact us today for a free quote.

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, 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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