The Terrio Group

Annuities and Life Insurance

What if you outlive your money?

Running out of money in retirement is a real fear for a lot of people, and annuities and life insurance are two tools that can help. Used where they fit, with every trade-off explained, they can take some of the uncertainty off the table.

What an annuity can do.

An annuity is a contract with an insurance company. Depending on the contract, it can offer tax-advantaged accumulation, features that preserve and protect assets for your estate, and an income stream that lasts for life1 while still allowing access to principal.

On some contracts, turning an annuity into an income stream (a step called annuitization) is optional, and you can treat the accumulated value like any other asset instead. We help you decide what role, if any, an annuity should play in your plan.

Notes

  1. Any guarantee inside an annuity or an insurance policy is backed by the claims-paying ability of the issuing insurance company, not by The Terrio Group and not by any government agency. Annuities may carry surrender charges and fees, and withdrawals may be subject to taxes and penalties. ↩

Coverage you may use while you’re living.

Life insurance is usually thought of as protection for your family after you’re gone. A living benefit rider changes that. If you are diagnosed with a terminal, critical, or chronic illness, or need long-term care, a living benefit rider can let you access part of the policy’s death benefit to help cover what health insurance does not: your mortgage, utilities, even groceries.

Nobody likes thinking about it, but thinking about it now is what makes the difference later.

Coordinated with everything else.

Retirement planning is more than saving. 401(k)s, IRAs, life insurance, annuities, and trusts can all work together so you have enough to retire on and your money is protected.

Here, one team handles all of those pieces through one plan.

In your plan

How this fits the 8 Elements.

These are the elements this work draws on. Before we recommend a change here, we check how it affects the others.

  • Income Optimization
  • Emergency Builder
  • Revenue Replacer
  • Legacy Defender
See all eight elements

Questions

Before you call.

  • No. An annuity is one tool, and it comes with real trade-offs. We look at your income needs, liquidity, and taxes before recommending one, and we explain the fees.

Related

Often planned together.

All services

Your next step

Waiting is a decision too.

Leave your income, taxes, and estate alone long enough and the defaults decide for you. Start with one conversation instead. It’s complimentary, and there’s no homework.

Book Your First ConversationCall 772-807-4628
  • Port St. Lucie
  • Stuart
  • Mon to Fri, 8:30 AM to 4:30 PM