Are your annuities still working for you?

Like many people, you may find annuities a little hard to understand. Even though you recognize the value of annuities as a tool for planning for the future, that doesn’t mean you want to think about them all the time. In fact, you may have left your policies to manage themselves.

But time moves on, and so does your life and your goals and needs. Chances are you have had changes to your life, you may have gotten married or divorced, welcomed a child or grandchild, acquired or sold a business, gotten a new job or earned a promotion, or developed new future financial obligations. The annuity that was adequate for the future you had in mind when you purchased it may no longer be appropriate.

If your life situation and goals have changed since you purchased your annuity, an annuity audit may be in order. An annuity audit can help you understand key questions such as:

1. Is the ownership of your annuities aligned with your estate planning goals?

2. What is the current asset allocation of your investments inside your annuities?

3. What is the purpose of the death benefit of your annuities?

4. Do your annuities include riders you no longer need?

5. Have you explored new investment or insurance solutions that may better meet your financial needs such as variable or fixed annuities?

6. How do you plan to take distributions from your annuities?

7. How are the beneficiary designations structured in your annuities?

We can help make sure you have the right coverage for your needs by conducting an annuity audit. We'll review your current annuities to help ensure they are working with you and not against you. If necessary, we can recommend a course of action to help your annuities keep pace with today's realities. Call us to schedule your annuity audit today.

Call 858.752.1726

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