4 Lesser Known Benefits of Fixed Annuities That Most People Don’t Know About

(be sure to checkout the video of this analysis too)

Most often, people buy fixed annuities for 3 reasons…

1) The principal of an annuity is protected and completely shielded from market losses.

2) Fixed annuities offer a fixed, GUARANTEED rate of return.

and the biggest reason people opt for having an annuity as part of their retirement portfolio is…

3) Guaranteed income for life (an income stream they can never outlive).

But, there are many other benefits to owning fixed annuities that most people don’t know about…

Here are 4 Annuity benefits that very few people know about:

✅ Fixed Annuities Can’t Be Touched by Creditors (including the IRS)

If you ever end up in a bankruptcy situation, your annuity assets are completely shielded from creditors which includes the IRS!

This is not the case with other investment assets like stocks, mutual funds, etc.

✅ Fixed Annuities Can’t Be Touched in Lawsuits

In fact, there was a man in Florida who was being sued for $20M and he bought $20M annuity so that none of his assets were subject to the lawsuit…😏

✅ Fixed Annuities Avoid Probate Court

Probate is a painful and expensive process that you’re smart avoiding with a trust and a solid estate plan but annuities completely bypass the process of probate anyways (with or without a trust).

This means that your beneficiaries receive the death benefit of your annuity without any headaches, holdups, or added legal expenses.

Annuity beneficiaries also cannot be contested… so whoever you want to leave money to is final if inside of a fixed annuity.

✅ Fixed Annuity Assets Don’t Count for Federal Financial Aid for College Students

Even if you’re collecting $20,000 per month of annuity income you don’t have to claim that income when filling out your FAFSA form to get your kids financial aid in college!

This is a HUGE benefit that is often overlooked, and it’s not the primary reason you would ever buy an annuity, but it’s certainly a huge bonus.

Let’s chat 💬😎