Bonus annuities are financial products designed to provide investors with the dual benefits of guaranteed income and potential growth.
They come with initial bonus credits, often making them an attractive option for those looking to enhance their retirement portfolios.
This document will explore the features, benefits, and promotional strategies for top bonus annuities, ensuring potential clients understand their value and advantages.
Initial Bonus: Bonus annuities offer an upfront bonus, typically ranging from 5% up to 50% of the initial premium payment.
Guaranteed Income: These annuities provide a guaranteed stream of income for a specified period or for the lifetime of the annuitant.
Tax-Deferred Growth: Investment growth within a bonus annuity is tax-deferred, allowing the account value to compound over time without immediate tax implications.
Flexible Payout Options: Policyholders can choose from various payout options, including lump sum, period certain, or lifetime income.
Death Benefit: Many bonus annuities include a death benefit, ensuring that beneficiaries receive the remaining account value upon the death of the annuitant.