Reliable, engaging, dependable, and insurance knowledge are our best attributes at McReynolds & Associates, LLC. We strive to exceed your expectations with your life, accidental, mortgage protection, final expense, and health insurance needs.
Final expense is a smaller permanent life insurance policy typically intended to help older adults cover funeral costs and other end-of-life expenses.
Deferred Income Annuities
Enjoy guaranteed income for the rest of your life, starting on a future date you select.
What is a deferred income annuity?
If you're looking for a future source of guaranteed income that will last the rest of your life, a deferred income annuity may be right for you.
A deferred income annuity (DIA) allows you to use a lump sum or multiple purchases to receive a guaranteed "retirement paycheck".
The DIA provides guaranteed income (your "retirement paycheck") beginning at a future date of your choice (generally, 13 months to 40 years from the initial purchase).
DIAs are designed to use your "retirement paycheck" to help cover your essential living expenses, as defined by you, in retirement.
Generally, the longer you defer taking income, the greater your "retirement paycheck" will be. This "retirement paycheck" continues for the rest of your life, and—if you choose a joint life option—for the rest of your spouse's life, no matter how long both of you live.
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