Why You Should Consider a Non-Qualified Annuity

Forester insurance companies offer more than your typical life insurance plan. Did you know that you can save for retirement through these organizations as well? Several programs offer ways to put back a nest egg, including non-qualified annuities.

Unfortunately, the fact that these accounts use after-tax dollars to save keeps many people from considering the benefits of this type of plan. However, a closer look can reveal those non-qualified annuities can be an excellent option for some people.

No Limit

While some pre-tax plans have limits on how much you can save, non-qualified annuities have no such rules. Put back as much or as little as you would like. It’s more customizable than alternatives.

Fewer Rules

No IRA? No problem. Whether you have a retirement plan at work or an IRA or have neither, you can use a non-qualified annuity.

More traditional retirement plans make you wait until a certain age to pull your money out. That’s not how these accounts work. You can use your money when you need it.

Keep Your Spouse Secure

If you pass away, your spouse can continue to receive tax-deferred money until the withdrawal time. This benefit can help keep your family’s finances in order, even if you pass away unexpectedly.

If you need a more flexible way to save money and protect your family, a non-qualified annuity through a forester insurance organization may be the right move.

Frank

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