Annuities and max-funded IULs, explained in plain English by a licensed agent. No pressure, and no cost to talk.
Here's how the three most common ones compare, so you can see what an annuity does and what it costs you.
401(k), IRA or brokerage invested in stocks and funds
Savings accounts and CDs
A contract with an insurance company
Annuity guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Optional riders carry fees that can reduce your value. Annuities are not FDIC insured.
Four tools Michael works with. Each one fits some people well and others not at all.
Interest is linked to a market index like the S&P 500, up to a cap, without your money being invested in the market.
A guaranteed interest rate for a set number of years, from an insurance company.
An annuity or income rider that turns savings into a paycheck you can't outlive.
Indexed universal life insurance set up to hold as much cash value as tax rules allow, with the smallest death benefit those rules permit. Interest is credited based on an index, with a floor so a down year credits zero. Policy charges still come out every month, and you can borrow against the cash value later.
One conversation to start. You decide what happens after that.
Send the form below or call. Tell Michael what the money is for and when you'll need it.
He lays out the options that fit, side by side, with the costs and surrender terms spelled out.
Take your time. Ask questions, talk it over with family, and only move if it makes sense.
Michael is a licensed insurance producer based in Glendale, Arizona, with access to more than 30 national carriers.
Most financial products get explained with fancy terms and confusing charts. Michael does the opposite. He walks you through how each option works the way you'd explain it to a friend over coffee.
His job isn't to sell you something you don't need. It's to show you how it works and help you decide if it's right for you.
Don't see yours? Ask Michael directly. There's no such thing as a dumb question about your own money.
Talk to MichaelNo. There's no fee for the conversation or the review. Like most insurance agents, Michael is paid a commission by the insurance company when a policy or annuity is issued. You don't pay him a separate fee.
In a fixed or fixed indexed annuity, your money isn't invested in the stock market, so index drops don't reduce your contract value.
You can still come out behind if you withdraw more than the free amount during the surrender period, or if you add a rider that charges a fee. Variable annuities are different and can lose value. This site covers fixed and fixed indexed annuities.
It's the stretch of years, set in the contract, when cashing out or taking more than the allowed free amount costs a surrender charge. The charge usually steps down each year until it's gone. Know the length before you sign.
It's indexed universal life insurance designed to take in as much premium as federal tax rules allow, with the death benefit kept as low as those rules permit. More of each dollar goes to cash value.
It's life insurance first. It has insurance costs, has to be funded as planned, and works best over many years. Policy loans and withdrawals can be income-tax-free if the policy stays in force and isn't a modified endowment contract. A lapse can create a tax bill.
Neither one is better across the board. An annuity is built to protect and grow savings and turn them into income. A max-funded IUL is life insurance that also builds cash value, and it needs time and health approval. Michael will walk through both with your own numbers.
No. Annuities and life insurance are backed by the insurance company that issues them. That's why the carrier's financial strength matters, and it's one of the things Michael goes over with you.
If you already own an annuity or a policy, have your latest statement handy. Otherwise, a rough idea of your savings and when you want to retire is plenty.
Tell Michael a little about what you're after and he'll get back to you. No cost, no pressure.
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