Annuities Rates Kent Washington WA

Reader’s Question:

I don’t know much about life insurance but have heard my co-worker here in Kent Washington WA mention fixed annuities and variable annuities. Which is better and why?

Isabella

Kent, WA

Hi Isabella! I’m glad to hear you’ve taken an interest in life insurance. Have you gotten one yet? If not, it’s a always a good idea to plan for the future and invest in life insurance.

Insurers in Kent Washington WA offer a lot of flexibility in the type of insurance and mode of payment. For instance, in getting life insurance, you can generally opt to receive the benefits through lump sum payment or broken down into smaller amounts to be received annually. These “annuities” may be in variable or fixed terms. On the one hand, it is possible to earn more from variable annuities than from fixed annuities. On the other hand, you can also earn much less. You see, fixed annuities are invested in low-risk but low-yielding securities like treasury bills or government bonds. The interest is fixed at a certain rate, therefore predictable, but usually at a low rate. Now, variable annuities are invested in a much more volatile market – usually high risk but also high risk stocks. Depending on how the stock market moves, you can earn a lot or lose a lot. Clearly, both types of annuities have their pros and cons. It’s up to you to choose what risks you are willing to take with your investments.

To get a better idea of what insurers in Kent Washington WA are able to provide in terms of fixed and variable annuities, I suggest that you take a look at some of the information available on this site by entering your zip code in the space provided on this page. A wider understanding of the options available will make it easier for you to make decisions when getting life insurance.

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