Frequently Asked Questions

Fixed annuities are a popular option for individuals seeking stability and guaranteed returns in their retirement planning. Here are the key features of fixed annuities: Guaranteed Interest Rate: Fixed annuities offer a guaranteed interest rate for a specified period, typically ranging from one to ten years. This means that your principal and earnings are protected… [Read More]

Purchasing an annuity can offer several benefits Annuities can be a valuable tool for retirement planning and financial security. Some of the key benefits of annuities include: Guaranteed Income Stream: Annuities provide a reliable stream of income that can last for a specified period or for life, helping you maintain your standard of living during… [Read More]

There are several types of annuities available Each type of annuity is designed to meet different financial needs and goals. The main types of annuities include: Fixed Annuities: In a fixed annuity, your premium is invested by the insurance company in conservative, fixed-income investments such as bonds. The insurance company guarantees a minimum interest rate… [Read More]

An annuity works by providing a reliable stream of income over a specified period, often during retirement. When you purchase an annuity, you’re essentially entering into a contract with an insurance company. You make either a lump-sum payment or a series of payments into the annuity, which is called the “premium.” Once the annuity is… [Read More]

An annuity is a financial product offered by insurance companies Annuities provide a steady stream of income over a specified period of time, typically during retirement. It is designed to help individuals accumulate savings and then distribute those savings as a guaranteed income stream during retirement years. In essence, when you purchase an annuity, you’re… [Read More]

The answer is yes, final expense insurance may be purchased as a secondary policy to supplement benefits from other life insurance or also as a form of guaranteed issue coverage that doesn’t require a medical exam. Keep in mind that the premiums for final expense insurance policies are typically higher than many other policies with… [Read More]

How long it takes for a final expense policy to pay out depends solely on the life insurance company. Some companies can take weeks or months to pay the policy benefit. Others pay approved claims in 24 hours. Call Insurance Pro Florida at 407.847.7000 to learn what may be the best final expense policy for… [Read More]

Final expense insurance does allow for a cash value to build because it’s a form of a whole life insurance. For most whole life insurance policies, when you pay your premiums some of that money goes into an investment account. This type of insurance policy builds a cash value over time, so you may borrow… [Read More]

To determine the amount of final expense coverage you will require, you will first need to try and estimate your total final expenses, which is a simple process with only 4 steps. Step 1: Estimate Household Expenses Step 2: Factor in Funeral Expenses Step 3: Add to Find Total Final Expenses Step 4: Take Inflation… [Read More]

In most cases, final expense insurance policies can immediately provide full death benefits, starting from your first day of coverage. All one needs to do is have the application approved and pay the first premium to secure coverage, and your paperwork should display the policy effective date. However, if your policy has a graded benefit,… [Read More]