Life Insurance
In making decisions about a subject as important as life insurance, most people are looking for answers to the following questions:
- Why should I own life insurance?
- What kind should I own?
- How long will I need it?
- How much should I own?
Hoover Insurance Agengy can help you find answers all of those questions and then assist you in crafting a life insurance program that's based on your own unique situation.
Annuities
Annuities are a tax-favored way to accumulate money that can provide you with a more comfortable retirement.
Here's what we mean by "tax-favored": During an annuity's accumulation phase, the value of the annuity grows "tax-deferred," which means no income taxes have to be paid on that growth in the current year.
The amount by which your annuity's value grows will depend to a great extent on the type of annuity you decide to own. Some annuity products are very conservative investments, paying competitive rates of interest comparable to what you'd earn on a certificate of deposit at a bank. Other annuity products are more aggressive and may be a more desirable and suitable investment for some people.
In any event, at retirement, an annuity can provide a stream of retirement income that is guaranteed to continue for the rest of your life, no matter how long you live. And that can mean peace of mind during your retirement years.
Hoover Insurance Agengy offers a broad array of annuity products. Many of them can be used as a vehicle for your Individual Retirement Account (either traditional or Roth). One or more of them may be just right for you, and your Hoover Insurance agent can visit with you further about any questions you might have.