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The company sold more fixed index annuities than any other provider in 2023, with over $1.1 billion in sales, according to a ranking by LIMRA, the largest life insurance trade association in the U.S.
Here are the pros and cons and index annuities: Pros. Returns track a market index,such as S&P 500. May earn more than a fixed annuity. Growth is tax-deferred until retirement.
Simply put, an annuity is a long-term contract with an insurance company where you invest your money as a form of retirement planning. When you buy an annuity, you get regular payments for income.
Annuities are like any other investment in that they have both pros and cons. Here’s a rundown: Pros. Contributions are tax-deferred. With an annuity, you won’t owe taxes on the money until ...
Fixed indexed annuity. With an indexed annuity, your investment tracks the rate of return on an index such as the S&P 500, which contains the stocks of hundreds of America’s top companies ...
Founded in 2018, Gainbridge is a digital-first annuity company focused on simplifying the purchasing process for customers. By streamlining operations online, Gainbridge aims to offer lower costs ...
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