CANVAS ANNUITY

Best retirement savings rates hit 4.30%

This article is Sponsored by Canvas Annuity
May 25, 2022, 1:48 PM | Updated: Jun 1, 2022, 8:27 am
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Maximize your retirement savings with guaranteed fixed rates up to 4.30%. Did you know there is a financial product that can give you great interest rates as you build your retirement savings and provide you with a paycheck for life once you retire? It might sound too good to be true but it is not; this product is called an annuity.

What is an annuity?

An annuity is a contract issued by an insurance company. There are many different types of annuities, and they can get complicated, but for a simple product that comes with great interest rates and a guaranteed paycheck in retirement, consider a fixed annuity. You fund a fixed annuity with an initial premium. Over time, you receive interest on that premium and your annuity grows, tax deferred. Once you retire and are ready to receive your guaranteed paycheck, you just reach out to the insurance company and let them know you want to annuitize your contract.

Where do I buy an annuity?

While many insurance companies now offer easy ways to purchase home or auto insurance online, annuities are still traditionally purchased from an agent. There is one company that is making it easy to get great rates with a quick 10-minute online application. Canvas Annuity. Canvas does not charge any policy fees and they do not pay agent commissions which allows them to offer higher crediting rates. You can even fund your annuity online with a checking account or if you already have an annuity with a company offering lower rates, Canvas will accept rollovers.

In this case, the smart retirement savings choice and the simple retirement savings choice are one and the same.

What else do I need to know?

Annuities are backed by the claims paying ability of the insurance company you are purchasing from so it is important to do your homework. Make sure the insurance company has a long history of financial strength, as evidenced by a rating from a third-party rating agency. An annuity is a long-term product so it is important to make sure you are partnering with an insurance company with a track record of happy customers. Canvas annuities are issued by Puritan Life Insurance Company of America, a company with a B++ rating from AM Best and 97% of Canvas customers have left a review on Trustpilot indicating their experience was great or excellent!

Check out canvasannuity.com and start earning great rates today!

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Best retirement savings rates hit 4.30%