Annuity & Auto Insurance

Annuities

Investing wisely and proper planning are the keys to financial success. Here at Best Buy Low Cost Insurance, we take pride in the quality of work that we provide our clients. Therefore, we often advise our clients to consider purchasing an annuity policy. In simple terms, an annuity is a payment, either a one time lump-sum amount, or multiple payments to an insurance company. Over time, the insurance company will gradually begin paying back the money to the annuitant. Many of our clients choose this option to ensure that they are financially stable after retiring, as they can receive supplemental income. Another option available is to put the policy in multiple names; therefore your family or loved ones can continue receiving financial support after your death.

There are also two options for annuity payments to the recipient: fixed rate and variable rate. Under fixed rate, the annuitant will receive a set amount of money every pay cycle. Under variable rate, the monetary amount of each payment will fluctuate pending on the investing choices of the insurer and other factors such as cost of living and the stock market.

There are various types of annuities. These include:

  • Single Life
  • Joint Life
  • Joint and Last Survivorship
  • Group Annuity
  • Under a single life policy, only one person is covered under the policy. No other person or family member can be added to it.

    In a joint life policy, up to two people can be added to the account. They will receive annuity payments up until their death. After that, the policy will become void.

    In a joint and last survivorship account, payment is granted to a maximum of two people. After the first person has died, there is a reduction in payment to the second person.

    Under a group annuity policy, multiple people are listed under the plan. Benefits are then paid out to each individual.
                                                                                                                                                                                                                         

    Auto Insurance

    If you're looking for auto insurance you've come to the right place. At Best Buy Low Cost Insurance we offer competitive price and affordable rates for your auto insurance needs. Whether you are single or have a spouse and kids, it's important to purchase an auto insurance policy. In order to succeed, it's important to properly plan for the future.

    Furthermore, dealing with claims adjustors and third parties when you have been in an accident can result in extra stress and anxiety, at Best Buy Low Cost Insurance we will work tirelessly to sort these issues out and resolve them in an efficient and timely manner. We put your needs first and that's how we've always worked.

    Purchasing auto insurance doesn't have to be an expensive process. At Best Buy Low Cost Insurance we will work to find you the most affordable rates. If you have a clean driving record, you can expect to find even more savings. We want you and your family to feel safe, and that's what we strive to provide you.

    Call Best Buy Low Cost Insurance today to discuss your automotive needs for the well-being of you and your family.

    CALL US NOW AT 858-505-0508
    EMAIL US NOW AT info@bestbuylowcostinsurance.com
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