Retirement income you can count on
Secure Your Financial Future with Annuity Insurance
Whether you're planning for retirement or seeking a reliable source of income, our annuity solutions help you protect and grow your wealth over time.
Annuities at BL Wealth Management
A Stable, Secure Financial Future
At BL Wealth Management, we understand the importance of a stable and secure financial future. That's why we offer comprehensive annuity solutions to help you protect and grow your wealth over time. Whether you're planning for retirement or seeking a reliable source of income, the right annuity can provide peace of mind and financial stability.
Fixed, fixed indexed and variable annuities compared side by side
Lifetime income options, including coverage for your spouse
Guidance on fees, surrender periods and taxes before you decide
Benefits
Why Choose Annuity Insurance?
Tax Advantages
Annuities offer tax-deferred growth, so your money grows without income taxes until you begin receiving distributions. This can help maximize your savings and potentially reduce your tax burden in retirement.
Guaranteed Income
An annuity can provide a consistent income stream so you can maintain your standard of living after retirement. Choose a fixed annuity for a predetermined payout, or a variable annuity for the opportunity of investment growth. Guarantees depend on the claims-paying ability of the issuing insurer.
Legacy Planning
Annuities can be an effective estate planning tool. By naming beneficiaries, your loved ones can receive the remaining annuity value upon your passing, bypassing the probate process.
What is an annuity?
An annuity is a contract with an insurance company. You pay a lump sum or a series of payments, and in return the insurer can provide income now or in the future. Earnings inside an annuity grow tax-deferred until you take money out.
What is the difference between fixed, indexed and variable annuities?
A fixed annuity credits a set interest rate. A fixed indexed annuity links growth to a market index while protecting against losses. A variable annuity invests in subaccounts, so its value can rise or fall with the market. Guarantees depend on the claims-paying ability of the issuing insurance company.
Are annuities right for everyone?
No. Annuities can include surrender charges, fees and limits on withdrawals, so they suit people who want dependable retirement income and can leave the money in place for years. We review your full situation before recommending one.
How are annuities taxed?
Growth is tax-deferred. When you withdraw money, the earnings are taxed as ordinary income, and withdrawals before age 59½ may also face a 10 percent federal tax penalty. Talk to a tax professional about your situation.
Areas we serve
Annuities in South Elgin, IL
Explore fixed and fixed index annuities for dependable retirement income with Brian Lee, serving South Elgin, Elgin, St. Charles, Geneva, Batavia and nearby towns. Meetings are available online or by phone.
South Elgin, IL
Elgin, IL
St. Charles, IL
Geneva, IL
Batavia, IL
Bartlett, IL
Streamwood, IL
West Chicago, IL
Carol Stream, IL
Carpentersville, IL
Algonquin, IL
Lake in the Hills, IL
Schaumburg, IL
Hoffman Estates, IL
Huntley, IL
Wheaton, IL
North Aurora, IL
Warrenville, IL
Naperville, IL
Crystal Lake, IL
Secure Your Financial Future Today
Take control of your financial future. Talk with us about annuity options and how they can help you reach your retirement goals.
