Growing Your Legacy: How Annuities Support Your Long-Term Financial Goals
March 11, 2025
Building a purposeful and value-driven legacy involves planning ahead and being willing to explore your legacy-building options, one of which is annuities. Annuities enable you to grow your assets on a tax-deferred basis, providing a steady income stream that can enhance your retirement strategy and secure your financial future.
Annuities that align with your financial planning, personal values, and broader life goals can help you accumulate additional wealth. If you’re interested in long-term financial security and making a profound impact on future generations, annuities may be an ideal option for you.
Defining Your Legacy With Annuities
Annuities represent purposeful financial planning because the one(s) you choose can reflect your values and promote your goals. By investing in annuities, you can achieve financial stability, support your loved ones, and contribute to charitable causes.
Annuities give you the power to establish clear financial goals and take the steps necessary to reach them. Whether you want to ensure a steady income during retirement or provide for family members after you’re gone, annuity payouts are bound to be well-received by your recipient(s).
Annuities as a Tool for Legacy Building
Annuities can make your hard-earned and well-deserved retirement even more enjoyable by providing a reliable income stream, which can decrease financial worries and afford you more time to focus on your hobbies and interests.
What’s more, certain types of annuities can be structured in ways that pass your wealth to your heirs. Should you choose an annuity of this nature, you can build your legacy by promoting your values and extending your influence as you see fit.
Tax Benefits of Annuities
Annuities are counted among retirement savings vehicles because they permit your wealth to grow without immediate tax implications. As your investments grow, you can maximize the impact of your resources and strategically plan withdrawals that optimize your tax advantages. Annuity payouts can deliver sustainable financial support for loved ones and/or support causes that matter most to you.
Comparing Annuities With Other Retirement Options
Compared to other legacy-building options, annuities aren’t nearly as volatile as common investments such as stocks or mutual funds. While they can be complex, annuities are predictable when it comes to providing stable and sustainable returns.
Annuities complement other retirement strategies such as 401(k)s and individual retirement accounts (IRAs) by diversifying your retirement portfolio and offering a holistic approach to legacy building. Regardless of market conditions and how well your other retirement products are performing, the income stream from your annuities won’t be affected. Your guaranteed payouts are just that: guaranteed.
Making Purposeful Choices With Annuities
Customizing your annuities gives you the unique opportunity to build a lasting legacy that speaks to your goals and values. Perhaps you want to transfer your wealth to your grandchildren or fund a charity close to your heart. There’s excitement in knowing that you can tailor your annuity contracts and distribute your wealth in ways that will profoundly impact others.
As with any financial product, it’s important to be selective. We recommend you choose annuities that match your needs and goals, and work only with annuity providers that adhere to ethical standards and support community involvement.
Build Your Legacy With 1891 Financial Life
Empowering people and organizations that matter most to you makes annuities a fantastic pathway toward leaving a meaningful legacy. We encourage you to reflect on the legacy you wish to build and consult with our advisors at 1891 Financial Life for expert guidance regarding annuities. Contact us to learn more about how we can help you achieve your long-term goals and build the legacy you envision.
About 1891 Financial Life
Our culture is about looking out — for you, for others, for family, for the community. That is how we go “Beyond Life Insurance.”
At 1891 Financial Life, we don’t just sell policies, we offer possibilities. We pride ourselves on giving back to the communities that we serve by providing quality and comprehensive insurance solutions. We are a not-for-profit life insurance Society, which means the sales from these financial service products help fund member benefits along with social, educational, and volunteer programs designed to respond to community needs. In 2023, 1891 Financial Life was listed by Forbes as one of "The World's Best Life Insurance Companies."
Our portfolio is extensive, ranging from various life insurance policies to our annuities to support your financial needs no matter what stage of life you’re in.