Retirement Annuities – Secure Income Solutions for Every Stage

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Plan Your Retirement with Annuities

Annuities can provide guaranteed income or growth, making them a valuable tool for retirees and pre-retirees. Spectrum Insurance Services, led by Jerry McCullough, helps clients in Rolling Meadows, Los Angeles, Phoenix, and across multiple states decide whether annuities fit into their broader retirement strategy. Jerry considers your Social Security, pensions, and investments to determine if an annuity can add stability and confidence to your plan.

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Understanding the Basics

Types of Annuities Explained

Fixed Annuities

Fixed annuities provide guaranteed interest rates for a set period, much like a certificate of deposit (CD) but often with better rates. They are designed for people who want predictable, steady growth without stock market risk. At the end of the term, you can renew, withdraw, or annuitize into an income stream.

Indexed Annuities

Indexed annuities link interest growth to a market index (like the S&P 500) while protecting your principal from losses. This balance of growth potential and downside protection makes them popular for those who want more opportunity than a fixed product offers, without the full risk of market investing.

Immediate Annuities

Immediate annuities turn a lump sum of savings into guaranteed income payments that start right away—often within a month. They’re commonly used by retirees who want to convert assets into a steady “paycheck” for life or for a set number of years.

Benefits of Annuities

Annuities can serve as a personal pension, ensuring you don’t outlive your money. Some of the key benefits include:

  • Tax-deferred growth while funds accumulate.
  • Guaranteed lifetime income that can cover essential living expenses.
  • Protection from market downturns with fixed or indexed options.
  • Customizable payout choices, such as covering one life or a couple.
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Our Annuity Services

Spectrum Insurance Services evaluates your retirement income needs, compares products from multiple top-rated insurers, and provides illustrations of payout options in clear, simple terms. As an independent advisor, Jerry isn’t tied to one company—his recommendations are based solely on your best interests.

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 Secure Your Retirement Income

The right annuity can provide peace of mind and steady income you can’t outlive. Contact Spectrum today for a personalized retirement consultation with Jerry McCullough.