The Guardian Insurance & Annuity Company (GIAC), wholly owned by Guardian Life Insurance Company, is a subsidiary of Guardian that offers a range of life and annuity products. Their products include disability, term, dental, and whole life insurance. All are intended to provide future income and repay premiums. They can also be used to purchase annuities for life.
One of the main advantages of this type of annuity is the fact that they do not charge annual fees. Instead, you will be required to pay a minimum amount of premium upfront. The policy will then start paying out after 3-10 years. Your plan will be cancelled if the premium is not paid. A 10-day free trial period is available. The policy will be cancelled if the cancellation is made within 10 days. Annuity funds can be pulled at any time. Withdrawals will still be subject to income taxes.
For individuals looking to receive guaranteed income, GIAC offers a guaranteed income annuity. The product of the company is guaranteed by the issuing insurer company. This means that you won't have to worry about market fluctuations affecting your premium. You have the option to choose how long you want your annuity to last and how much you would like your payments grow. To increase your benefit, you can also add riders on to your annuity.
GIAC also offers a Guardian Fixed Target Annuity type of annuity. It is possible to choose a fixed interest rate to pay your monthly payments. This option can also be customized to meet your specific needs. You can also customize the withdrawal fees schedule. These fees are 10% of the contract's value. If you buy a 10-year contract, for example, you will be charged a 10% fee.
You can find out more information about GIAC policies on their website if you're interested in buying one. You'll find a range of options including the Life Annuity with Guaranteed Duration, which is guaranteed for five- to thirty years. The product also comes with an additional death benefit rider that ensures you will receive your premium in full upon your death.
For an even more flexible and predictable income, you can choose the Guardian SecureFuture Income AnnuitySM. This product is backed up by Guardian Insurance & Annuity Company's claims paying ability and comes with a lifetime income promise. You can also choose to invest in a variable annuity, which provides the flexibility to control the direction of your investment.
Guardian also offers a wide range of life insurance and annuity options, apart from the GIAC. CANNEX allows you to compare them and more than 150,000 financial professionals can make informed decisions about annuities. The site allows users to compare annuities using various factors such as age, issue, payment options, and more.
FAQ
What do I need to know about finance before I invest?
You don't require any financial expertise to make sound decisions.
You only need common sense.
That said, here are some basic tips that will help you avoid mistakes when you invest your hard-earned cash.
First, limit how much you borrow.
Don't go into debt just to make more money.
It is important to be aware of the potential risks involved with certain investments.
These include inflation and taxes.
Finally, never let emotions cloud your judgment.
Remember that investing isn’t gambling. You need discipline and skill to be successful at investing.
This is all you need to do.
What kind of investment gives the best return?
The truth is that it doesn't really matter what you think. It depends on what level of risk you are willing take. For example, if you invest $1000 today and expect a 10% annual rate of return, then you would have $1100 after one year. If instead, you invested $100,000 today with a very high risk return rate and received $200,000 five years later.
In general, there is more risk when the return is higher.
Therefore, the safest option is to invest in low-risk investments such as CDs or bank accounts.
However, it will probably result in lower returns.
Conversely, high-risk investment can result in large gains.
For example, investing all your savings into stocks can potentially result in a 100% gain. However, you risk losing everything if stock markets crash.
Which is the best?
It all depends upon your goals.
If you are planning to retire in the next 30 years, and you need to start saving for retirement, it is a smart idea to begin saving now to make sure you don't run short.
If you want to build wealth over time it may make more sense for you to invest in high risk investments as they can help to you reach your long term goals faster.
Remember: Higher potential rewards often come with higher risk investments.
You can't guarantee that you'll reap the rewards.
Do I need to diversify my portfolio or not?
Many people believe diversification will be key to investment success.
Financial advisors often advise that you spread your risk over different asset types so that no one type of security is too vulnerable.
However, this approach doesn't always work. You can actually lose more money if you spread your bets.
For example, imagine you have $10,000 invested in three different asset classes: one in stocks, another in commodities, and the last in bonds.
Suppose that the market falls sharply and the value of each asset drops by 50%.
At this point, you still have $3,500 left in total. However, if you kept everything together, you'd only have $1750.
So, in reality, you could lose twice as much money as if you had just put all your eggs into one basket!
This is why it is very important to keep things simple. You shouldn't take on too many risks.
How long does it take for you to be financially independent?
It all depends on many factors. Some people are financially independent in a matter of days. Others take years to reach that goal. However, no matter how long it takes you to get there, there will come a time when you are financially free.
It is important to work towards your goal each day until you reach it.
Statistics
- If your stock drops 10% below its purchase price, you have the opportunity to sell that stock to someone else and still retain 90% of your risk capital. (investopedia.com)
- Over time, the index has returned about 10 percent annually. (bankrate.com)
- According to the Federal Reserve of St. Louis, only about half of millennials (those born from 1981-1996) are invested in the stock market. (schwab.com)
- They charge a small fee for portfolio management, generally around 0.25% of your account balance. (nerdwallet.com)
External Links
How To
How to make stocks your investment
Investing has become a very popular way to make a living. It's also one of the most efficient ways to generate passive income. You don't need to have much capital to invest. There are plenty of opportunities. All you need to do is know where and what to look for. The following article will teach you how to invest in the stock market.
Stocks represent shares of company ownership. There are two types. Common stocks and preferred stocks. While preferred stocks can be traded publicly, common stocks can only be traded privately. Shares of public companies trade on the stock exchange. They are priced according to current earnings, assets and future prospects. Stock investors buy stocks to make profits. This is called speculation.
Three main steps are involved in stock buying. First, determine whether to buy mutual funds or individual stocks. Second, choose the type of investment vehicle. Third, decide how much money to invest.
Decide whether you want to buy individual stocks, or mutual funds
For those just starting out, mutual funds are a good option. These portfolios are professionally managed and contain multiple stocks. You should consider how much risk you are willing take to invest your money in mutual funds. Mutual funds can have greater risk than others. If you are new or not familiar with investing, you may be able to hold your money in low cost funds until you learn more about the markets.
If you prefer to invest individually, you must research the companies you plan to invest in before making any purchases. You should check the price of any stock before buying it. You don't want to purchase stock at a lower rate only to find it rising later.
Choose the right investment vehicle
Once you have made your decision whether to invest with mutual funds or individual stocks you will need an investment vehicle. An investment vehicle is simply another method of managing your money. You can put your money into a bank to receive monthly interest. You could also establish a brokerage and sell individual stock.
You can also create a self-directed IRA, which allows direct investment in stocks. Self-directed IRAs can be set up in the same way as 401(k), but you can limit how much money you contribute.
Selecting the right investment vehicle depends on your needs. Are you looking for diversification or a specific stock? Do you seek stability or growth potential? How comfortable do you feel managing your own finances?
All investors should have access information about their accounts, according to the IRS. To learn more about this requirement, visit www.irs.gov/investor/pubs/instructionsforindividualinvestors/index.html#id235800.
Calculate How Much Money Should be Invested
It is important to decide what percentage of your income to invest before you start investing. You can put aside as little as 5 % or as much as 100 % of your total income. Your goals will determine the amount you allocate.
If you're just starting to save money for retirement, you might be uncomfortable committing too much to investments. You might want to invest 50 percent of your income if you are planning to retire within five year.
It is important to remember that investment returns will be affected by the amount you put into investments. You should consider your long-term financial plans before you decide on how much of your income to invest.