Risk Management Services
Comprehensive Financial Protection Tailored to Transitioning Service Members​
Anchored Risk Management understands the distinctive financial needs associated with transitioning from military service to civilian roles. Our commitment is to provide bespoke financial safeguards tailored to this significant life change.
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Our service palette includes life coverage, annuities, long-term care, and disability insurance, each designed to construct a strong financial safety net. With Anchor Risk Management, your financial stability and peace of mind are our utmost priorities. Our expertise and dedication are your allies as you journey through this life transition.
Annuities
As you transition from military service to civilian life, comprehending financial instruments like annuities becomes vital. At Anchor Risk Management, we simplify the complexity of annuities and assist you in your financial journey.
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Annuities are essentially agreements between you and an insurance firm. In exchange for a lump-sum or periodic payments you make, the insurer pledges to provide regular payments to you in the future.
Building Phase
This phase entails making either a one-time lump-sum payment or a series of payments to the insurance firm. These payments are then invested, enabling your annuity to grow over time.
Payout Phase
This phase kicks off when you start receiving payments from your annuity. The amount you'll receive hinges on several factors, including the duration of your payout period and the value of your annuity at the onset of the payout phase.
Varieties of Annuities
Immediate Annuities: These require a single lump-sum payment to the insurance company, and you begin receiving payments immediately. They are perfect for those seeking an immediate, dependable income stream.
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Deferred Annuities: These annuities include a building phase, during which you make payments over time. Your annuity expands until you're prepared to begin receiving payments. They are suitable for those planning for future income necessities.
Annuities can further be categorized into fixed or variable:
Fixed Annuities: These annuities guarantee a specific rate of return, and the periodic payments are usually of a fixed sum.
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Variable Annuities: These annuities permit you to allocate your payments among various investment choices. The periodic payments may vary depending on the performance of your investments.
​Annuities are a multifaceted financial product, and obtaining financial counsel is crucial before committing to an annuity contract. Anchored Risk Management is dedicated to guiding you through this process, ensuring comprehensive understanding before any decisions are made. Reach out to us today to explore how our annuity services can fortify your financial future.