FAQsHave a question or don't understand something. You may find the answer here.
Your preferred method of contact will be our guide. You can always make direct contact via phone or email.
YourOwnRetirement.com is the only web-based insurance service company that utilizes its own local agents. Other on-line sites "farm out" your information for a fee. That translates into better service and better pricing on brand named annuities for you.
We can help you accumulate more savings now before you take a monthly benefit - a lot more in many instances. Click here for real-life examples.
NO. Your information is only used to provide you with the best possible price on an annuity that best suits your needs.
In some instances, the cost of the initial annuity premium for the same annuity will be different based on your gender. Therefore, it is important to know your gender to give you the most accurate pricing.
What is the difference between a single and joint annuity? A single annuity is one that pays until the end of one life - for example, until you die. A joint annuity is one that pays until the end of two lives - for example, until both you and your spouse die.
- Life Only - The annuity pays out as long as the Annuitant is alive. If you purchase a single annuity you are the Annuitant. If you purchase a joint annuity for you and your spouse, both you and your spouse would be Annuitants - in this case, the annuity would pay out as long as either of you are alive.
- Life with Period Certain - The annuity pays as long as the Annuitant is alive, but is guaranteed for a certain period of time. For example, if you purchase a Single Life Annuity with a 20 year Period Certain, the annuity would pay out as long as you are alive and for at least 20 years - if you die before the 20 year period, the payments are made to your designated beneficiary.
- Full Cash Refund - If you die before receiving income at least equal to the premiums paid, the balance is paid in whole (as opposed to installments) to your designated beneficiary.
- Installment Refund - If you die before receiving income at least equal to the premiums paid, the balance is paid in installments (as opposed to in whole) to your designated beneficiary.
- Cost of Living Adjustment (COLA) - An annual percentage adjustment in the amount the annuity pays to you every year. You may purchase an annuity with a certain Cost of Living Adjustment. For example, if you chose a 6% COLA, the annual payments to you will increase 6% every year: guaranteed.
Money from a Qualified source is money that is in a retirement plan which offers individuals additional tax benefits. An IRA is an example of a Qualified plan. Non Qualified plans are those not eligible for tax-deferral benefits. If you have any questions as to whether the money you are considering is Qualified or Non Qualified, please email your local agent or info@yourownretirement.com. We will be happy to help you.
You may submit multiple requests for quotes. For example, you might want to see how much annual income you could receive based on your own life, as well as how much you and your spouse could receive based on both your lives. Or feel free to contact us and we will be happy to put together various options for our specific needs.
