Guardian Insurance & Annuity Company's (GIAC) is a Guardian-owned subsidiary. It offers a wide range of annuity and life products. They offer whole, term, and dental insurance. All of these products are designed to provide future income payments as well as repayment of premiums. These annuities can be purchased as a lifetime option.
These annuities don't have annual fees. You are instead required to pay an upfront minimum premium. The policy will pay out within three to ten-years. If the premium is not paid, your plan will be terminated. There is also an optional 10-day free look. If you decide to cancel the policy, you will receive a refund of any additional premiums paid. Annuity funds can be pulled at any time. Withdrawals will still be subject to income taxes.
A guaranteed income annuity from GIAC is ideal for individuals who are seeking a way to obtain guaranteed income. The issuing insurance company guarantees the product and you don't have any market returns that could affect the payment of your premium. You can also choose the duration of your annuity, as well how you want to increase your payments. You can also add riders or clauses to your annuity in order to increase your benefits.
GIAC also offers the Guardian fixed target annuity. You can select a fixed rate of interest for your payments. It is completely customizable to your requirements. You can also modify the withdrawal fee schedule. These fees are calculated based on 10% off the contract value. A 10% fee would apply if you purchase a ten year contract.
You can find out more information about GIAC policies on their website if you're interested in buying one. You'll find a range of options including the Life Annuity with Guaranteed Duration, which is guaranteed for five- to thirty 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 can provide a reliable and more flexible income. The Guardian Insurance & Annuity Company backs this product and offers a lifetime income guarantee. A variable annuity allows you to direct the direction of your investments.
Aside from the GIAC, Guardian offers a variety of other life insurance and annuity products. CANNEX allows you to compare them and more than 150,000 financial professionals can make informed decisions about annuities. This site allows you to compare annuities based on their age, issue date, payment options, as well as other factors.
FAQ
How can I reduce 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's economy could collapse, causing the value of its currency to fall.
You can lose your entire capital if you decide to invest in stocks
This is why stocks have greater risks than bonds.
You can reduce your risk by purchasing both stocks and bonds.
This will increase your chances of making money with both assets.
Another way to minimize risk is to diversify your investments among several asset classes.
Each class has its unique set of rewards and risks.
Stocks are risky while bonds are safe.
So, if you are interested in building wealth through stocks, you might want to invest in growth companies.
Saving for retirement is possible if your primary goal is to invest in income-producing assets like bonds.
What kind of investment vehicle should I use?
You have two main options when it comes investing: stocks or bonds.
Stocks represent ownership stakes in companies. Stocks are more profitable than bonds because they pay interest monthly, rather than annually.
You should focus on stocks if you want to quickly increase your wealth.
Bonds are safer investments than stocks, and tend to yield lower yields.
Remember that there are many other types of investment.
These include real estate and precious metals, art, collectibles and private companies.
Is it really wise to invest gold?
Gold has been around since ancient times. It has been a valuable asset throughout history.
However, like all things, gold prices can fluctuate over time. When the price goes up, you will see a profit. If the price drops, you will see a loss.
You can't decide whether to invest or not in gold. It's all about timing.
How do I wisely invest?
An investment plan is essential. It is crucial to understand what you are investing in and how much you will be making back from your investments.
You need to be aware of the risks and the time frame in which you plan to achieve these goals.
So you can determine if this investment is right.
Once you have decided on an investment strategy, you should stick to it.
It is better not to invest anything you cannot afford.
What type of investment has the highest return?
It is not as simple as you think. It all depends on how risky you are willing to take. If you put $1000 down today and anticipate a 10% annual return, you'd have $1100 in one year. If you instead invested $100,000 today and expected a 20% annual rate of return (which is very risky), you would have $200,000 after five years.
The return on investment is generally higher than the risk.
So, it is safer to invest in low risk investments such as bank accounts or CDs.
However, you will likely see lower returns.
Conversely, high-risk investment can result in large gains.
For example, investing all your savings into stocks can potentially result in a 100% gain. But it could also mean losing everything if stocks crash.
Which is better?
It all depends what your goals are.
It makes sense, for example, to save money for retirement if you expect to retire in 30 year's time.
High-risk investments can be a better option if your goal is to build wealth over the long-term. They will allow you to reach your long-term goals more quickly.
Remember: Higher potential rewards often come with higher risk investments.
It's not a guarantee that you'll achieve these rewards.
Can I invest my retirement funds?
401Ks offer great opportunities for investment. Unfortunately, not everyone can access them.
Most employers give their employees the option of putting their money in a traditional IRA or leaving it in the company's plan.
This means that your employer will match the amount you invest.
And if you take out early, you'll owe taxes and penalties.
Statistics
- According to the Federal Reserve of St. Louis, only about half of millennials (those born from 1981-1996) are invested in the stock market. (schwab.com)
- Over time, the index has returned about 10 percent annually. (bankrate.com)
- As a general rule of thumb, you want to aim to invest a total of 10% to 15% of your income each year for retirement — your employer match counts toward that goal. (nerdwallet.com)
- An important note to remember is that a bond may only net you a 3% return on your money over multiple years. (ruleoneinvesting.com)
External Links
How To
How to invest In Commodities
Investing is the purchase of physical assets such oil fields, mines and plantations. Then, you sell them at higher prices. This is called commodity trading.
Commodity investment is based on the idea that when there's more demand, the price for a particular asset will rise. The price of a product usually drops when there is less demand.
You will buy something if you think it will go up in price. And you want to sell something when you think the market will decrease.
There are three major categories of commodities investor: speculators; hedgers; and arbitrageurs.
A speculator will buy a commodity if he believes the price will rise. He doesn't care whether the price falls. Someone who has gold bullion would be an example. Or someone who is an investor in oil futures.
An investor who buys commodities because he believes they will fall in price is a "hedger." Hedging allows you to hedge against any unexpected price changes. If you own shares that are part of a widget company, and the price of widgets falls, you might consider shorting (selling some) those shares to hedge your position. By borrowing shares from other people, you can replace them by yours and hope the price falls enough to make up the difference. The stock is falling so shorting shares is best.
An "arbitrager" is the third type. Arbitragers trade one thing in order to obtain another. For example, you could purchase coffee beans directly from farmers. Or you could invest in futures. Futures let you sell coffee beans at a fixed price later. The coffee beans are yours to use, but not to actually use them. You can choose to sell the beans later or keep them.
The idea behind all this is that you can buy things now without paying more than you would later. If you're certain that you'll be buying something in the near future, it is better to get it now than to wait.
There are risks with all types of investing. Unexpectedly falling commodity prices is one risk. The second risk is that your investment's value could drop over time. Diversifying your portfolio can help reduce these risks.
Taxes should also be considered. It is important to calculate the tax that you will have to pay on any profits you make when you sell your investments.
Capital gains taxes may be an option if you intend to keep your investments more than a year. Capital gains taxes do not apply to profits made after an investment has been held more than 12 consecutive months.
If you don't expect to hold your investments long term, you may receive ordinary income instead of capital gains. Earnings you earn each year are subject to ordinary income taxes
Investing in commodities can lead to a loss of money within the first few years. However, you can still make money when your portfolio grows.