Where to Get Annuities in Washington
Reader’s Question:
I’ve heard that compared to life insurance, annuities can give me income within that time that I need it. Life insurance is for beneficiaries while annuity is for my current needs. But where will I get annuities here in Spokane Washington WA? Where are they sold?
Larry
Spokane, WA
Hello Larry
Actually, both life insurance and annuity are good financial investment. Only that they have different purposes and ways to provide your financial needs.
Life insurance is coverage for you upon death, in which your beneficiaries will receive financial assistance. Annuity on the other hand, is an income within your retirable age. It’s a long term financial support.
Annuity is a contract between a financial institution and you. This is actually sold by any banks, financial planners, insurance agents and insurance companies in Spokane Washington WA. It is the insurance company who provides policies for annuity. So among the financial institutions, you can get annuity in insurance company.
It could be that annuity is offered by sales agent or brokers. Before you deal with brokers or agents offering annuity, you must be sure that he or she is licensed to offer the product. You can find this out by checking on the state department in Spokane Washington WA. This way, you will be sure that the agent or broker is legally operating within the bounds and rules of the department. Also, the agent must be able to present you proposals or prospectus about annuity. If it is variable annuity, he must be able to give you investment options that are all legal and valid. As much as possible, give him as many questions as he can answer before you sign any contract. Remember that it will be your money that is at stake. You wouldn’t want to put it all to waste by dealing with illegitimate broker and agent, would you?
In the meantime, you can check annuity, either deferred or immediate annuity, in this site by requesting for quotes. At least, you would have idea how much is the purchase payment of annuity sold in your area.