When it comes to annuities, there are a lot of options to choose from. With so many companies offering annuities, deciding which company is right for you can be challenging. In this guide, we will look at Oceanview Life and Annuity and discuss the pros and cons of their annuities. We will also compare them to other popular annuity companies to help you decide if they are the right fit.
Who Is Oceanview Annuity?
Oceanview Annuity is a relatively new company founded in 2019. However, don’t let their lack of history fool you – they’re already making waves in the annuities industry. Oceanview is headquartered in Phoenix and offers fixed and fixed index annuities. Their products provide safety and stability for retirees, with potential growth and income. And their team is passionate about helping their clients reach their financial goals. So, if you’re looking for a new annuity provider, give Oceanview a closer look. You won’t be disappointed.
Is Oceanview Life and Annuity A Good Company?
If you’re looking for a financially stable life and annuity company with a good reputation, you may want to consider Oceanview Life and Annuity. They are “A-” rated with A.M. Best, meaning they have a solid ability to meet their financial obligations. They also have over $3.6 billion of assets, so you can rest assured they have the resources to back up their products.
How Do Oceanview Annuities Work?
Oceanview Fixed Annuity
Oceanview fixed annuities are competitively-priced investment products that offer higher interest rates than what is typically available from a bank CD. With an Oceanview annuity, you can choose terms ranging from 2 to 10 years. In addition, your interest rate is fixed for the length of the term and will not change even if market rates rise.
Oceanview Fixed Index Annuity
If you’re looking for a safe investment that offers principal protection and growth potential, an Oceanview fixed index annuity may be a good option.
With this type of annuity, your principal is protected from market fluctuations, and you’ll earn a fixed interest rate on your investment. Plus, you’ll have the opportunity to participate in the growth of the S&P 500 or Nasdaq-100 without paying any fees.
Whether retired or still working, an oceanview fixed index annuity can help you reach your financial goals.
Oceanview’s Pros
- Oceanview annuities offer competitive rates and growth potential with protection from market volatility.
- They are also relatively simple to understand, which can be a plus for those who want to avoid complexity in their retirement planning.
Oceanview’s Cons
- One potential downside of an Oceanview annuity is the limited selection of options. There are only a handful of annuities offered by the company, so you may not be able to find one that meets your specific needs.
- Another potential downside is that Oceanview does not offer a lifetime income rider, so you may have to take your money out all at once if you need it in retirement.
- Finally, Oceanview is a relatively new company, so there is less history to assess how it will perform in the future.
Although there are some potential drawbacks, an Oceanview annuity can still be a good choice for many people.
What We Like About Oceanview Annuities
- They offer a straightforward way to earn interest based on the stock market’s performance without worrying about picking individual stocks.
- You can choose between popular indices, the S&P 500, Nasdaq 100, or a combination of both.
- Your principal is protected. You won’t lose money if the stock market goes down.
- There are no fees and no commission charges.
Next Steps
Oceanview annuities offer a unique product with some great features that may be perfect for you. Our team of licensed representatives is available to answer any questions and provide you with a free quote so you can find the best annuity for your needs. Don’t wait. Contact us today!
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