The Guardian Insurance & Annuity Company (GIAC), wholly owned by Guardian Life Insurance Company, is a subsidiary of Guardian that offers a range of life and annuity products. There are whole, term and dental life insurance options. All of these products are designed to provide future income payments as well as repayment of premiums. They also offer the ability to purchase a lifetime annuity.
One of the main advantages of this type of annuity is the fact that they do not charge annual fees. Rather, you are required to pay a minimum premium in advance. The policy will then begin to pay out after three to ten years. If you do not pay your premium, your policy will be terminated. There is also a 10-day free look period. You will be refunded any premiums you paid if you cancel the policy. Annuity funds can be withdrawn at any moment, but withdrawals will be subject to income tax.
For individuals looking to receive guaranteed income, GIAC offers a guaranteed income annuity. You will not have to worry about market returns impacting your premium payout. You can decide how long your annuity will last, and how high you want your payments growing. To increase your benefit, you can also add riders on to your annuity.
GIAC also offers a Guardian Fixed Target Annuity type of annuity. It is possible to choose a fixed interest rate to pay your monthly payments. This option can also be customized to meet your specific needs. You can also modify the withdrawal fee schedule. These fees are calculated based on 10% off the contract value. If you buy a 10-year contract, for example, you will be charged a 10% fee.
You can find out more information about GIAC policies on their website if you're interested in buying one. There are many options to choose from, including the Life Annuity Guaranteed Period which is guaranteed for 5-30 years. The product also comes with an additional death benefit rider that ensures you will receive your premium in full upon your death.
Guardian SecureFuture income AnnuitySM provides a predictable, flexible income that is more predictable. This product is backed by the claims-paying ability of the Guardian Insurance & Annuity Company and provides a lifetime income guarantee. You have the option to invest in a variable-annuity which allows you to change the direction of the investment.
Aside from the GIAC, Guardian offers a variety of other life insurance and annuity products. CANNEX makes it possible to compare the annuities. This tool allows more than 150,000 professionals in financial services to make informed decisions about annuities. The site allows users to compare annuities using various factors such as age, issue, payment options, and more.
FAQ
How can I manage my risk?
You need to manage risk by being aware and prepared for potential losses.
It is possible for a company to go bankrupt, and its stock price could plummet.
Or, a country could experience economic collapse that causes its currency to drop in value.
You could lose all your money if you invest in stocks
Remember that stocks come with greater risk than bonds.
You can reduce your risk by purchasing both stocks and bonds.
You increase the likelihood of making money out of both assets.
Spreading your investments across multiple asset classes can help reduce risk.
Each class has its own set risk and reward.
Stocks are risky while bonds are safe.
If you're interested in building wealth via stocks, then you might consider investing in growth companies.
Saving for retirement is possible if your primary goal is to invest in income-producing assets like bonds.
Does it really make sense to invest in gold?
Since ancient times gold has been in existence. And throughout history, it has held its value well.
But like anything else, gold prices fluctuate over time. A profit is when the gold price goes up. You will lose if the price falls.
It doesn't matter if you choose to invest in gold, it all comes down to timing.
What should I look out for when selecting a brokerage company?
Two things are important to consider when selecting a brokerage company:
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Fees - How much commission will you pay per trade?
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Customer Service - Do you have the ability to provide excellent customer service in case of an emergency?
You want to work with a company that offers great customer service and low prices. Do this and you will not regret it.
How long does it take for you to be financially independent?
It depends on many factors. Some people can be financially independent in one day. Others need to work for years before they reach that point. No matter how long it takes, you can always say "I am financially free" at some point.
It is important to work towards your goal each day until you reach it.
What are the best investments to help my money grow?
You should have an idea about what you plan to do with the money. If you don't know what you want to do, then how can you expect to make any money?
You should also be able to generate income from multiple sources. So if one source fails you can easily find another.
Money doesn't just magically appear in your life. It takes planning and hard work. Plan ahead to reap the benefits later.
Statistics
- 0.25% management fee $0 $500 Free career counseling plus loan discounts with a qualifying deposit Up to 1 year of free management with a qualifying deposit Get a $50 customer bonus when you fund your first taxable Investment Account (nerdwallet.com)
- Most banks offer CDs at a return of less than 2% per year, which is not even enough to keep up with inflation. (ruleoneinvesting.com)
- Over time, the index has returned about 10 percent annually. (bankrate.com)
- If your stock drops 10% below its purchase price, you have the opportunity to sell that stock to someone else and still retain 90% of your risk capital. (investopedia.com)
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How To
How to invest into commodities
Investing in commodities involves buying physical assets like oil fields, mines, plantations, etc., and then selling them later at higher prices. This process is called commodity trading.
Commodity investing is based on the theory that the price of a certain asset increases when demand for that asset increases. The price tends to fall when there is less demand for the product.
If you believe the price will increase, then you want to purchase it. And you want to sell something when you think the market will decrease.
There are three main categories of commodities investors: speculators, hedgers, and arbitrageurs.
A speculator will buy a commodity if he believes the price will rise. He doesn't care what happens if the value falls. For example, someone might own gold bullion. Or someone who is an investor in oil futures.
An investor who buys a commodity because he believes the price will fall is a "hedger." Hedging is a way of protecting yourself from unexpected changes in the price. If you have shares in a company that produces widgets and the price drops, you may want to hedge your position with shorting (selling) certain shares. That means you borrow shares from another person and replace them with yours, hoping the price will drop enough to make up the difference. The stock is falling so shorting shares is best.
A third type is the "arbitrager". Arbitragers trade one item to acquire another. For instance, if you're interested in buying coffee beans, you could buy coffee beans directly from farmers, or you could buy coffee futures. Futures enable you to sell coffee beans later at a fixed rate. You have no obligation actually to use the coffee beans, but you do have the right to decide whether you want to keep them or sell them later.
You can buy something now without spending more than you would later. You should buy now if you have a future need for something.
There are risks associated with any type of investment. Unexpectedly falling commodity prices is one risk. Another risk is that your investment value could decrease over time. This can be mitigated by diversifying the portfolio to include different types and types of investments.
Taxes should also be considered. If you plan to sell your investments, you need to figure out how much tax you'll owe on the profit.
Capital gains taxes should be considered if your investments are held for longer than one year. Capital gains taxes do not apply to profits made after an investment has been held more than 12 consecutive months.
You might get ordinary income instead of capital gain if your investment plans are not to be sustained for a long time. Earnings you earn each year are subject to ordinary income taxes
When you invest in commodities, you often lose money in the first few years. However, you can still make money when your portfolio grows.