Lunsford Insurance

Annuities, 401K Rollovers, and Life Insurance


Did you know?

There are 6 great reasons to consider an Annuity, whether you are retired or not!:

  1. Guaranteed Returns (Fixed Annuities)
    5 year rate 5.5%
    10 year rate 5.15%
  2. Principal Protection
  3. Tax Deferred Growth
  4. No Fees (Fixed Annuities)
  5. Can provide a lifetime income.
  6. The money in the annuity does not go through probate upon death.

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Wall Street, banks, and insurance companies are the three primary custodians of retirement funds.

The uncertainty of Wall Street poses a significant risk to retirement savings, as there is no Federal Bail Out available. Retirees and pre-retirees are currently worried about market instability and have already experienced significant losses in their retirement accounts. Although banks are FDIC insured, there is still concern about the safety of your money if bank issues become systemic and affect even the largest banks. Forbes reported that 465 banks failed between 2008 and 2012, including the largest bank, Washington Mutual, which had $307 billion in assets.

Consider investing in annuities provided by insurance companies for guaranteed principal, income, and stability. Insurance companies have statutory reserve requirements, reinsurance requirements, and mandatory membership in guaranty associations for added stability. Compared to the 465 bank failures from 2008 to 2012, only three annuity providers failed during the same period. Given the uncertainties affecting Wall Street and banks, annuities can be a safe and guaranteed investment option.

Would it be a wise decision for you to have an annuity?

Many people reaching retirement age are still unsure about annuities as a financial product. However, if you prioritize safety, guarantees, low or no fees, returns that match or exceed inflation rates, and a lifetime income, then owning an annuity would be a smart choice. With an annuity, you can expect your investment to remain stable, giving you reassurance and peace of mind. According to Warren Buffet, the top investing rule is to avoid losing ground. Although he hasn’t explicitly stated, it seems like he may give this advice specifically to retirees and suggest being more cautious with their savings as they age. Recovering from losses takes too much time. One way to protect your funds from market downturns is by using annuities. This ensures your money stays secure.

According to Will Rogers, it’s more important to ensure the return of your money than the return on your money, and annuities are in alignment with this philosophy. Nowadays, people retiring can expect to live for another 20 years or more, which makes it crucial to have a portion of your funds in a secure position. If you want your hard-earned money to work for you and ensure financial stability for the long run, it’s essential to plan accordingly. Investing in an annuity can be a safe option for some of your money. There is a variety of annuity options available, with different pros and cons. If you’re interested, I can provide you with a detailed overview of each and help you choose the one that suits you the best. Additionally, if you already own an annuity and have questions about its performance, I can evaluate it for you.

Stop Stressing Out

The anxiety caused by a bear market leading to a decline in one’s retirement accounts has been significant. People who suffered losses of 20-30% last year fear the same outcome this year. Therefore, it is essential to keep a portion of your money safe to avoid putting the majority of your savings at risk and seeing it lose value. It took you a long time to save money for when you are older. It is sad when your money starts to go away. Retirees worry that they will not have enough money later in life. If you put too much of your savings into the stock market, it may all be gone too soon.

As people are living longer in retirement, it is crucial to make our money last. One way I do this for my clients is by allocating a portion of their funds into annuities. Unlike other investments that may carry the risk of market losses and high fees, annuities provide a safe option and do not come with additional fees, which can accumulate over time. Have you come across any 90 year olds?

Annuities offer a safe option during uncertain times and are increasingly popular for protecting assets, with over 300 billion dollars deposited into them last year. They can act as insurance for your money and are useful for both saving up for retirement and distributing funds during retirement.

Create Your Own Pension

Previously, retirees used to receive pensions in addition to their social security payments as their retirement income. But that doesn’t happen anymore. Most companies have discontinued pension plans and are providing 401K plans instead. These plans are beneficial, but the responsibility of funding them adequately falls on the employee. It’s essential to contribute enough to receive your employer’s match.

A smart financial decision is to either start or keep contributing to your IRA. By meeting certain criteria, a Traditional IRA can give you a tax deduction. Similarly, a Roth IRA can provide tax-free income, but you must follow some rules to be eligible.

Consider opening an annuity which is a tax-deferred savings program that offers a competitive rate of interest along with a minimum guarantee.

If you need more money after you retire, you can choose to use an annuity instead of relying on traditional pensions. With an annuity, you can ensure a stable monthly income for the rest of your life. It’s a good option when you want to spend your retirement savings without worrying about outliving your money. There are different types of annuities to choose from, and I can assist you in selecting the best one for your needs.

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The at Lunsford Insurance can assist you if you’re thinking about buying an annuity. With their years of experience in the insurance industry, they can simplify the process of browsing and buying annuities.

You can rely on me for assistance with annuities, whether you need help with finding rates or have general questions. I can offer unbiased recommendations and provide information on the benefits, so you can make informed decisions for your financial future. Contact me at (740) 779-0246 to schedule a consultation.

How Retirement Annuities Work

An annuity is an agreement between an insurance company and either an investor or retiree. It can be purchased either by making monthly payments towards the principal or with a lump sum. In exchange, the insurer will provide a guaranteed income stream through either a one-time payment or a series of regular payments.

Annuities are financial products that can be set up for a specific time period or until the annuity holder passes away. They allow for tax-deferred growth, which means taxes are not owed until you withdraw the funds, and also earn interest over time.

Lunsford Insurance’s Full-Range Annuity Insurance Carriers

There are various options available to you when purchasing an annuity from a carrier or company. Private and public companies, such as insurance companies, banks, credit unions, and other financial groups, are some of the reputable options worth considering.

I am a professional broker who will search through all of the annuity sellers on your behalf. My goal is to find the most suitable options for you by comparing and contrasting the various choices. I am excited to demonstrate how securing your financial future can benefit you.

Most Affordable Annuity Options

I can help you find the most cost-effective annuity plan for you. These plans have premium payments and administrative and management fees and come in fixed, and indexed options. By evaluating your current situation and future goals, I can help you choose the right product. Rest assured that I offer some of the best annuity rates in the local area, and I understand your need for a secure yet affordable solution.

Find the Top Annuities Offered by a Reputable Insurance Broker

As an insurance broker, I take pride in being acknowledged as a leader. My services are unbiased, and I work for you, not for any specific carrier. With my extensive industry experience and relevant qualifications, I can provide impartial guidance and recommendations. You can rely on me as your go-to source for all your insurance brokerage requirements.



When comes to annuities, Lunsford Insurance is your go-to source. I have extensive knowledge of insurance products and provide unbiased advice and excellent customer service. Let me assist you in shopping for annuities and simplify the purchasing process. You can trust me to guide you towards the best decision possible. Give me a call at (740) 779-0246 to learn more.