Annuities throughout Virginia, including Martinsville, Christiansburg, Hillsville, Collinsville and Rocky Mount, and the surrounding states.

Annuities can be a valuable investment, but there are risks to consider. Our experts will help you decipher the different types of annuities so you can decide whether this type of investment is right for you.

Annuities are the main way of turning a pot of cash into an income stream. In very simple terms, they work like a life insurance policy in reverse–you pay them a lump sum up front, then they pay you regularly until you die.

There are two specific types of risk with annuities. The first is the risk that you die early and, thus, don’t receive as much money back as you paid up front.

The second risk only applies to some forms of annuities. You can get annuities that pay a fixed amount, often based on factors such as your age, gender and health status when you buy the annuity. However, you can also get variable annuities in which the insurer invests the money, meaning the amount you receive depends on the performance of the investments. To mitigate this risk, you can opt for the middle-ground of an index-linked annuity.

Whether annuities are right for you and what level of risk is appropriate will depend on your financial circumstances. You’ll also need to carefully consider the tax implications, particularly if you want to retire early.

Contact us today to discuss your annuities options.

Let’s discuss your annuity options.

One of our advisors will reach out to you to review your information and present you with the appropriate annuity solution. There’s no obligation, just good-old-fashioned advice.
  • This information is not an offer to sell insurance. Insurance coverage cannot be bound or changed via submission of this online form/application, e-mail, voice mail or facsimile. No binder, insurance policy, change, addition, and/or deletion to insurance coverage goes into effect unless and until confirmed directly with a licensed agent. All coverages are subject to the terms, conditions and exclusions of the actual policy issued. Not all policies or coverages are available in every state.
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Burton & Company offers annuities throughout Virginia, including Martinsville, Christiansburg, Hillsville, Collinsville and Rocky Mount, and the surrounding states.

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