Annuities convert a lump sum or a series of contributions into a stream of guaranteed income, so your retirement paycheck does not run out. Family Life Solutions helps Dover, TN retirees compare fixed and indexed annuity options to fit their income plan.
An annuity is a contract with an insurance carrier that converts your savings into a stream of income, either right away or starting at a future date. Depending on the type, an annuity can offer a guaranteed interest rate, growth linked to a market index, or income you cannot outlive, no matter how long you live.
Dover, TN is best described as the county seat of Stewart County, TN, with under 2,000 residents, on the Cumberland River about 35 miles west of Clarksville, home to Fort Donelson National Battlefield, site of a pivotal February 1862 Civil War battle and Confederate surrender, and also home to Fort Donelson National Cemetery. The area is also a gateway to the Land Between the Lakes recreation area, which is part of why Family Life Solutions built dedicated coverage guidance for Dover, TN rather than a one-size-fits-all page.
Certain annuity types can provide income payments for life, removing the risk of outliving your savings.
Fixed and fixed indexed annuities are designed to protect your original principal from market downturns.
Earnings inside an annuity generally grow tax-deferred until you begin taking withdrawals or income.
Tell Les when you want income to start and how much of your savings you want protected.
Les compares fixed and indexed options from multiple carriers and shows the real numbers side by side.
Choose the option that fits, complete the paperwork, and set your income to start on your schedule.
Back to the Dover, TN overview or the general Annuities overview.
An annuity is a contract with an insurance carrier where you contribute money, either as a lump sum or over time, in exchange for guaranteed income later, or in some cases immediately. Different annuity types offer different combinations of growth, protection and income.
Fixed and fixed indexed annuities are designed to protect your original principal from market losses, subject to the terms of the specific contract and any early withdrawal charges.
An indexed annuity credits interest based on the performance of a market index, but your money is not directly invested in the market. Gains are typically limited by a cap or participation rate, and principal is generally protected from index losses.
It depends on the annuity type. Immediate annuities can begin paying income right away, while deferred annuities are designed to grow for a period before income starts on a schedule you choose.
Yes. Family Life Solutions is based in Clarksville, TN and regularly works with families in Dover, TN, which is about 35 miles west of Clarksville on the Cumberland River. Les is licensed in TN, KY, OH, VA, TX and NY, so most Dover, TN residents are covered regardless of which side of the state line they live on.
A quick call with Les, a licensed independent agent based in Clarksville, is usually all it takes.
