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Annuities: Secure Your Financial Future

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Customized Annuity Solutions for Indiana Residents

Planning for your financial future can feel overwhelming, but with the right tools, you can create a stable income stream for retirement. At Burris Insurance, we help individuals and families in Indiana's Wabash Valley—serving Parke, Vermillion, Vigo, and Sullivan counties—understand and choose the right annuity options to fit their goals. With over 45 years of experience, we’re here to make securing your future simple and stress-free.

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What Are Annuities?

Annuities are financial products offered by insurance companies that provide a steady income stream, often during retirement. They are a smart option for individuals looking to:



  • Generate Guaranteed Income: Receive a consistent income stream, typically for life or a set number of years.
  • Protect Savings: Secure your savings from market volatility.
  • Plan for Retirement: Ensure financial stability and peace of mind for your golden years.

Types of Annuities We Offer

At Burris Insurance, we provide a variety of annuity options tailored to meet your financial goals:



  • Fixed Annuities: Offer a guaranteed interest rate and predictable income, making them a safe and reliable choice.
  • Variable Annuities: Allow you to invest in market-based options, with potential for growth based on investment performance.
  • Immediate Annuities: Start paying income shortly after you purchase the annuity—ideal for those who are already retired or nearing retirement.
  • Deferred Annuities: Grow your savings over time, with income payments starting later, typically during retirement.
  • Indexed Annuities: Combine the security of a fixed annuity with growth potential linked to a market index, like the S&P 500.

Why Choose an Annuity?

Annuities provide several key benefits for retirement planning:



  • Guaranteed Income: Enjoy the peace of mind that comes with knowing you’ll have consistent income in retirement.
  • Tax Advantages: Earnings in annuities grow tax-deferred, meaning you won’t pay taxes until you withdraw the funds.
  • Flexibility: Choose from various payout options, including lifetime income or payments over a specific term.
  • Legacy Planning: Certain annuities allow you to leave funds to your loved ones or a designated beneficiary.
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FAQs About Annuities

  • How do annuities work?

    You make a payment to an insurance company, either as a lump sum or over time, and in return, the company provides regular income payments based on the terms of your contract.


  • Are annuities safe?

    Fixed and indexed annuities are considered safe options as they offer guaranteed returns. Variable annuities carry some investment risk, but they also offer higher growth potential.

  • Who should consider an annuity?

    Annuities are ideal for individuals nearing or in retirement who want a stable income stream, protection from market fluctuations, or a tax-advantaged way to grow their savings.

  • What are the tax benefits of annuities?

    Annuities grow tax-deferred, meaning you won’t pay taxes on your earnings until you withdraw them. This can help reduce your tax burden during your working years.

  • Can I access funds from my annuity before retirement?

    Some annuities allow early withdrawals, but they may be subject to surrender charges or tax penalties if taken before age 59½. We’ll explain the terms of your annuity to ensure you understand all the details.

  • What’s the difference between immediate and deferred annuities?

    Immediate Annuities: Provide income payments that start right away, usually within a year of purchase.


    Deferred Annuities: Accumulate earnings over time, with payments beginning at a future date.

Plan Your Financial Future Today

At Burris Insurance, we’re here to help you build a secure retirement plan with confidence. Contact us for a free consultation to explore your annuity options. Call us at (812) 234-4526, email us, or use our online form to get started. Let’s create a plan tailored to your financial future.

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