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Gelinas Financial Group, Inc.

LISTEN, UNDERSTAND, RESEARCH, HELP. Money management has a new reality. Financial-planning efforts must consider “the whole client.” We offer a multi layer approach that starts with education. We strive to gain your trust then deliver the results you seek. At Gelinas Financial Group, Inc., our passion is supporting our clients by adding value: You need information to make correct decisions. We’ll help you achieve higher levels of success and better process management through cutting-edge solutions, training, mentoring, and continuing education. Our objectivity and independence mean you get the financial-planning and risk-management solutions that meet the unique demands of your present situation. We offer our expertise in the following areas: Financial Planning Retirement Planning Insurance Investment Coaching Annuities More Hope is not a strategy. We meet with our clients regularly to scrutinize their investments and make adjustments.

Get a Guaranteed Lifetime Income with an Immediate Annuity

Shawna Kreis Shawna Kreis , 10/29/2014
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Gelinas Financial Group, Inc., GA, Multi Year Guaranteed AnnuitiesSocial Security is not the only way you can guarantee that you will have a monthly income for the rest of your life. Buying an immediate annuity can provide you with a guaranteed income for as long as you may live, even if it is to the ripe-old age of 100. Annuities come in many forms but they all have one thing in common. They all provide a future stream of income based on the amount of the annuity, the interest rate, and the specified term of the annuity. Annuities are sold by insurance companies and are considered, for the most part, to be among the safest types of investments. While not backed by FDIC insurance like savings accounts, an annuity is backed by the strength of the insurance company. Insurance companies that issue annuities are highly regulated and have billions of dollars in assets. The way an immediate annuity works is that you hand over a lump sum of money to the insurance company and the insurance company promises to pay you a specified sum of money, starting almost immediately. Payments are usually made monthly, but you can change the frequency if you so desire. An immediate annuity can be setup to pay you income for your life and also for your surviving spouse's life. In survey after survey, the number one fear of retirees is that they will outlive their money. An annuity that provides guaranteed lifetime income will calm that fear. Under the terms of the annuity contract, it will tell you the exact amount and exact date of the month that you will receive your payout. Your return on your investment is based on a number of factors but is most influenced by your life expectancy from the time you start receiving your first payment. If you live longer than the actuarial charts suggest you should live, you will continue to receive payments and your rate of return on your investment will be greater than what was calculated when you purchased the annuity. Annuities can be complicated financial products. Before you buy one, it is best to seek counsel and advice from a reputable professional who understands annuities.