Brick, NJ – October 12, 2019 - A new way of approaching retirement is being offered by AnnuityRatesNJ which seeks to give you the best guaranteed returns.

AnnuityRatesNJ's goal is to get clients the best returns and most guaranteed income. So they work with as many insurers as possible to do so and with products that are designed to be flexible.

"Our mission is to redefine financial security in retirement," commented James Giordano of AnnuityRatesNJ.com. "We think about retirement in terms of income rather than assets.

"This is a new paradigm, which dramatically improves, and simplifies retirement planning. With our annuity products, you get guaranteed retirement income; you can count on for life."

AnnuityRatesNJ.com provides you with the education to help purchase the appropriate annuity product for your ever-changing retirement needs.

He explained that a fixed annuity, otherwise known as a multi-year guaranteed annuity (MYGA), provides a guaranteed rate of return for a predetermined period.

It is similar to a Certificate of Deposit (CD) that is offered by a bank or other-FDIC insured institution, except that it is being provided by an insurance company.

In addition to providing a guaranteed rate of return for the investment term, fixed annuities, and all annuities, allow you to turn those savings into lifelong pension-like income.

"The fixed annuity guarantee is backed by the financial strength of the insurance company, which is best understood through its financial rating," he explained.

Insurance companies are regulated at state level by each state they do business in. The National Association of Insurance Commissioners (NAIC) exists to coordinate activity among the state insurance commissions and promote consistency in regulation.

It’s because of this regulation that the guarantees offered by insurance companies are meaningful.

He added: "For a product to be called an annuity and offer a guarantee, it needs to have been approved by the state and comply with all of the regulations that exist to protect consumers."

For more information about the services that AnnuityRatesNJ offers, or to book an appointment with an advisor, then call 732-365-0078 or email them [email protected]