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Arkansas Insurance Blog

Handling The Financials

If you own a business that primarily handles lots of money, you are going to need financial insurance. This will provide coverage that you will need in order to protect you and your business from losses due to the event of a partner in a contract not meeting their obligations. What’s more, it can defend against a myriad of other kinds of commercial financial losses. That would include those from unexpected and/or heavy drops in the values of stocks or a business partner suddenly going bankrupt.

Who Needs Financial Insurance?

Financial insurance is largely for companies that generally cause loss of a purely financial nature. This would include attorneys and law firms, bookkeeping and accounting firms, property management firms, and real estate brokers. If an employee at one of these places makes an error that causes financial loss, financial insurance can cover financial losses caused to a third party up to the sum that was entered in the policy document. 

What is Financial Insurance Good For?

For the most part, the major purpose of liability insurance is to cover the company’s liability for any damages that have been caused to third parties. Business liability insurance is a standard form of liability insurance for any company. However, this does not cover any financial losses. Financial insurance, as the name suggests, covers completely financial losses and liabilities that are the result of a contract. It provides comprehensive insurance coverage when working in tandem with business liability insurance.

Adams Insurance & Financial Serving Northwest Arkansas

If you need financial insurance anywhere in Northwest Arkansas, please contact Adams Insurance & Financial. We will give you all the help you need. 

What You Need To Know About Annuities

Future financial planning goes far beyond simple retirement plans with your employer. In fact, today, it is considered a wise strategy to have other retirement plans in place beyond simply what your employer might provide. Here at Adams Insurance & Financial, we want to help residents in Northwest Arkansas learn all they can about different future planning options, and this includes annuities. 

What Is An Annuity?

An annuity is a contract between you and an insurance company in which you pay into the annuity over time, and the insurance company guarantees fixed payments or a lump sum payment in the future to help with your retirement expenses. 

What’s Attractive About Annuities?

Annuities are often considered an attractive option because they do promise a fixed income stream for the future. There are several other types of investments that cannot promise this. Those who are serious about retirement want to have income streams that they can depend on in the future. An annuity is something you purchase now for a selected premium, and you can rest assured that in the future, this annuity will pay you a steady, reliable monthly income. Many people think of an annuity as a retirement paycheck. 

What Are The Downsides of Annuities?

The only real downside of this retirement option is that you do not have much flexibility for the money to work for you between now and retirement. Many other types of retirement investments do allow the money to work for you and grow even more over time. 

If you would like to learn more about annuities or other insurance products, please contact us at Adams Insurance & Financial serving Northwest Arkansas. 

What is Financial Insurance and Who Can Benefit From It?

Many people are familiar with common types of insurance products, including auto insurance and home insurance. However, these are not the only insurance products on the market. Here at Adams Insurance & Financial, serving the greater Northwest Arkansas region, we offer a coverage option known as financial insurance. If you have never heard of this coverage before, you may have many questions, including what financial insurance is and who can benefit from it. We are here to help answer your queries. 

What is Financial Insurance? 

Financial insurance is designed to help ensure that you do not outlive your retirement income. When you purchase financial insurance, you are paid a series of financial payments at specific intervals. Receiving these payments helps ensure you have money to live off of, and can be used to supplement your retirement benefits. 

Who Can Benefit From Financial Insurance? 

Those who wind up living long lives can typically benefit from financial insurance. Most people retire between the ages of 65 and 70, but your retirement may start to run out around 80 or 85. This means that you may find yourself in need of money at 85, 90, or even 95 years old. Financial insurance pays you money at specific intervals, helping to provide you with the money you need to live off of as you age. Those who live longer in life benefit most from this type of insurance. 

Contact Us Today

Financial insurance, also sometimes called annuity insurance, helps to ensure someone does not outlive their retirement money. If you are concerned about having enough money as you age, financial insurance may be right for you. Contact us at Adams Insurance & Financial, serving the greater Northwest Arkansas region, to learn more about purchasing this type of insurance to help you remain financially secure in the future. 

Keep Your Family’s Future Safe With Financial Annuities

If you want to make sure you have enough security for retirement, there are a lot of options for investment vehicles. One of those is financial annuities. In Northwest Arkansas, Adams Insurance & Financial can help you with the annuities you’re looking for.

Financial Annuities: A Comprehensive Guide

These are good options to save for retirement, which can not only protect you but also keep your family secure, as well. You don’t have to settle for a high level of uncertainty when you can choose options that are more likely to increase your chances for stability.

As with any investment vehicle, it is possible for an annuity to lose some of its value over time. Fortunately, many people choose several methods of investing for their retirement needs. By doing that, they reduce the risk of having their family’s future protection damaged if one investment fails to give them the returns they were expecting.

When you work with annuities, you can focus on setting yourself and your family up for more security in your retirement years. Our knowledgeable agents can provide you with the options and information you need to choose the best annuities for your needs. Depending on how much you want to invest, the number of years until you retire, and other factors, some options may be better for you than others.

Contact Us Today

If you’re in the Northwest Arkansas area and looking for financial annuities to help protect your future, Adams Insurance & Financial can help. We know you have options, and we want to provide you with the best choices for proper coverage and enough security. Reach out to us today, and let us help you choose the annuities and insurance policies that can maximize your protection and give you peace of mind for the future.

Are annuities right for your retirement?

Residents in the Northwest Arkansas region who are nearing retirement can turn to Adams Insurance & Financial for answers to their insurance and financial questions. We are here to help you plan for retirement.

Benefits of annuities as a tool for retirement

Planning for retirement in today’s economy can feel like an impossible dream at times, but that doesn’t have to be the case. There are a number of different financial tools that are available that can help provide the financial security that you want during your retirement years.

Of course, not every tool is right for everyone’s different needs, but there are likely a few that can help you reach your financial goals. If you are interested in learning more about annuities, here are a few benefits to think about when considering this financial tool:

  • Guaranteed payments – choosing an annuity from a reputable insurance carrier can ensure that you receive your payout. 
  • Immediate fixed annuities – investing a lump sum in certain annuity types can provide you with monthly payouts that begin immediately.
  • Payouts for the policyholder’s entire lifespan – unlike other investments that can run out if you outlive them, there are annuity options that provide monthly payouts for life, no matter how long that may be.

Not all annuities are created the same, so it’s important to work with an advisor that you trust when choosing any personal financial investment. If you are wondering if annuities might be an effective tool for your retirement, now is a great time to find out more!

We can help with your retirement planning

Adams Insurance & Financial has the knowledge necessary to help Northwest Arkansas area residents effectively plan for their retirement. Give us a call today and schedule your retirement planning consultation.

How annuity insurance figures into financial planning

No matter what your age, retirement is always looming. You may think you are too young to be thinking about retirement, but the earlier you start formulating a plan, the better chance you have of enjoying a comfortable retirement. The days when you could count on an employer pension to supplement your Social Security are in the past. You have to create your own long-term financial security. At Adams Insurance & Financial in Northwest Arkansas, we want to help you create a plan you can afford today and give you a secure future. 

Like many insurance products, annuity insurance isn’t just one product. There are variables. The common thread is that they are designed to provide a steady, reliable stream of income when you retire. They are also a way to put more of your income into a tax-deferred account. While a 401K has limits on how much you can save each year with annuities, there is no yearly limit. On the other hand, the money in your annuity is not insured by the FDIC. The safety of your annuity is based on the financial security of the company you choose to purchase it from. 

People are living longer, which means you need to provide a much longer income stream in retirement. Like many financial planning products, you have choices about the risk level you feel comfortable with. You can increase the growth of your annuity with a product that has a level of risk. But with no guarantee, these products are not perfect for everyone. Talking to your financial advisor is the best way to determine if annuities are for you and what type of annuity you are comfortable with. 

Contact Adams Insurance & Financial in Northwest Arkansas to discuss annuity insurance and how it figures into your financial planning.

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