ATU Financial & Insurance

1. Three Main Categories: Term Life with the highest leverage, Whole Life savings-type insurance with the most protection, and Universal Life with the greatest flexibility (including IUL indexed, GUL guaranteed, VUL variable, and derivative products).

2. Tax-Free Growth: Cash value in the policy grows tax-free annually. Withdrawals are not subject to taxation, similar to savings. You can withdraw a large sum at once or gradually over the years, useful for planning education funds, retirement income, etc.

3. Living Benefits: Some insurance policies include living benefits that allow policyholders to access death benefits early if diagnosed with critical illness, chronic illness, or terminal illness to supplement medical expenses and family living costs.

What is an Annuity? An annuity is a financial product that provides a guaranteed income stream, typically used for retirement planning. You make payments to an insurance company, and in return, receive regular disbursements beginning either immediately or at a future date.

1. Types of Annuities:

• Fixed Annuities: Provide guaranteed interest rates and predictable income, protecting your principal from market volatility.
• Variable Annuities: Allow investment in sub-accounts similar to mutual funds, offering potential for higher returns but with market risk.
• Indexed Annuities: Returns linked to market indexes with downside protection, offering growth potential while protecting your principal.
• Immediate vs. Deferred: Immediate annuities start payments right away, while deferred annuities accumulate value for future income.

2. Key Benefits:

• Guaranteed Lifetime Income: Ensures you won't outlive your savings with income for life.
• Tax-Deferred Growth: Earnings grow tax-deferred until withdrawal, allowing for compound growth.
• No Contribution Limits: Unlike IRAs and 401(k)s, there are no annual contribution limits.
• Death Benefits: Many annuities offer death benefits to protect your beneficiaries.

3. Important Considerations: Annuities typically have surrender charges for early withdrawals, fees for certain features, and withdrawals before age 59½ may incur tax penalties. It's essential to understand the terms and choose the right annuity for your retirement goals.

ATU is an experienced independent life/annuity agent. We provide all kinds of Life Insurance and Annuity products from a wide range of carriers with A and above ratings.

We will compare the pricing and product features from different carriers, and customize the optimal financial solution for you to get the maximum result from every penny you invest!