Aloha! We now proudly serve Hawaii residents exploring annuity policies to meet their investment needs and goals.
Our independent agency is located in Honolulu, HI and we offer many types of annuity products and solutions. We can be reached directly at 808-707-7053 to schedule a free consultation. We are available by phone, in person, or through a virtual meeting online by appointment.
Several types of annuities are available for investment purposes. Some are designed for growth, while others are created for income. Many do both.
The most popular types are fixed annuity accounts. Also referred to as Multi-Year Guaranteed Annuities (or MYGA for short), these contracts most closely resemble CDs you might get from the bank. However, MYGAs have several advantages over CDs.
First and foremost, annuity interest rates are noticeably higher than most bank accounts and CDs. Annuities can also grow tax-deferred if desired. And annuities are only offered by insurance companies. This means they are safe, insured, and very reliable.
In fact, annuities are insured up to $100,000 per member company by the Hawaii Life and Disability Insurance Guaranty Association.
Learn more about insurance guarantees here: https://www.hilifega.org/FAQ
If you are looking for more exposure to equity markets, but want to eliminate downside risk, then a fixed-indexed annuity might be right for you. These popular accounts track and credit gains based on moves in popular indexes like the S&P 500, Dow Jones, and NASDAQ. However, they do not lose value when the indexes go down.
And many fixed-indexed annuities include premium bonuses in the first year – or first few years. This means your deposits will grow based on the bonus offered by the insurance company for that product. Many policies included bonuses of 10% or more.
Fixed-indexed annuities also work great if you’re looking for lifetime income payouts. Many have deferral periods of a few years and can then be activated for lifetime income. The income account value may also benefit from premium bonuses and yearly step-ups no matter how the market performs.
Still, other indexed accounts are great for creating and transferring wealth to your beneficiaries. Some include step-up percentages that increase the account value each year on a guaranteed basis at passing. Assuming no withdrawals, your family will inherit a much larger amount than what you invested!
Oftentimes our clients need guaranteed income right away.
When interest rates are high, establishing a fixed income stream is a smart move. Planning is key!
Immediate annuities do just that. Income payments can begin after just one month if desired. These payments can last for a set number of months, years, or even for a lifetime.
In most cases, your income will be fixed for the chosen annuity duration. In other cases, your income can and will grow. It might increase based on market performance or inflation indications like the Consumer Price Index. Either way, you will have established an income stream that pays out more than your initial investment.
Your best annuity options will always depend on your immediate investment needs and long term goals. What works well for your neighbor may not be right for you.
Many of our clients want reliable growth and predictable income. Both can be accomplished in several ways. Your risk tolerance, income needs, and time frame will all play a part in which annuity solutions work best.
Our independence allows us to search a vast database of options to find the highest rates of return with strongly rated insurance companies. Like all investment products, annuities are commitments. You want to know your policy will meet its promises now and in the future. We are here to make sure that happens.
We are licensed with dozens of insurance companies specializing in annuity solutions for you, your ohana, and your business. Located on Kapahulu Ave., we are easy to find and accessible to our clients online, by phone, or by appointment.
Contact us today to learn more about your retirement options. Mahalo!