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Annuities in Downey CA & Los Angeles CA

Keep Your Financial Resources Protected.

The Point Insurance Services Inc. understands the value of saving for and investing in your future. If you’re like many Americans, you work diligently each day and take the right steps to ensure that you’ll be supported with a comfortable income after you retire. That’s why it’s smart to have the right coverage options under your retirement plan because in some cases, you can actually outlive your income.

The last thing you’ll want to experience as a retiree is a loss of your financial resources. With an Annuity from The Point Insurance Services Inc., you can ensure that your finances are covered – for a healthy and happy retirement. Annuities are essentially investments that guarantee a steady income stream. Based on your plan, you can receive money either on a set schedule or in a lump sum.

Types of Annuities

The Point Insurance Services Inc. can offer two types of Annuities: Deferred and Immediate Annuities.

Deferred Annuities are investments that you make either over a period of time or all at once. Since these Annuities are tax-deferred, you only have to start paying taxes upon withdrawal. Deferred Annuities are either fixed or variable, meaning your payout is either a fixed sum or an amount in accordance to the performance of the market/group of investments.

Immediate Annuities are payments that you can receive right after you make your investment. This type of Annuity is typically for those around the retirement age who want to secure their financial future. Like Deferred Annuities, you only pay taxes upon withdrawal.

Understand Your Investments

An annuity is a long-term, tax-deferred investment designed for retirement. With an annuity, you can create a fixed or variable stream of income. The annuity’s value and growth will vary based on how the investments you choose to fund the annuity (underlying investments) perform.

Just like other types of investments, an annuity has limitations. If you take your money out early, you may have to pay fees called surrender charges. You’ll have to pay income tax on the withdrawal, and if you’re not yet 59½ years old, you may also have to pay a 10% tax penalty. If you do take an early withdrawal, it will reduce both the death benefit your beneficiaries receive and the cash value of the annuity.

An annuity is sold by an insurance company, and the annuity’s guarantees and protections are subject to that company’s ability to pay for them. However, this doesn’t apply to the underlying investments. The underlying investments are subject to market risk, so you could end up with less money than you invested.

An annuity is sold by prospectus, a document that describes the annuity’s objectives, risks, fees and charges. The cost of an annuity often includes mortality and expense charges, administrative fees, contract fees and the expense of the underlying investments. There are prospectuses for the annuity and the underlying investments that fund the annuity. It may take some time, but you should read the prospectuses carefully before investing.

It’s important to discuss your options with a specialist at The Point Insurance Services Inc. who is committed to helping you make the right decisions.

Before investing, understand that annuities are not insured by the FDIC, NCUSIF or any other federal government agency, and are not deposits or obligations of, guaranteed by, or insured by the depository institution where offered or any of affiliates. Annuities that involve investment risk may lose value. Guarantees and protections are subject to the claims paying ability of the issuing insurance company.

Our Location

The Point Insurance Services Inc.

10535 Paramount Blvd, Ste 100
Downey, CA 90241
Main office: 562-806-0778

Our Providers

Testimonials

Great customer service! Typically my experience when looking for insurance is hectic and unsavory, this definitely wasn't the case with the point! Their amazing agents and vast amount of insurance companies made getting me the best deal on my home and auto insurance a breeze!
Stacey T.
So I hate asking about insurance because it's boring and confusing; however, I called the point earlier today to ask about their renter's insurance and not only were they pretty knowledgeable, it wasn't a confusing long drawn out process. They are A-OK. Insurance is still pretty boring but at least I know where to call!
Ana A.
I love being able to call and talk to someone right away when I have questions. Mike already knows me, so every time I call we have a chance to check in. It's nice to know I'm in good hands when I need help with something. :)
Kelley O.
The best choice I made was to find this place while searching to insure my new car. Completely satisfied even took to me in right away and they were close to closing time without feeling rushed. Gustavo helped me find the best offer for me insurance wise. Thank you and will definitely come back and refer people here. Very professional and helpful!
Anabel A.