Month: August 2025

Making financial management decisions can be challenging. One important decision is whether to purchase life insurance. If you live near Falcon, CO, our team at Pikes Peak Insurance Agency can explain the benefits of life insurance and help you select an affordable policy. We’ve been assisting clients like you since 2005.

What Is an Annuity?

When discussing types of life insurance, our agents may suggest annuities. According to the Colorado Office of Regulatory Agencies, an annuity is a contract that provides a series of regular payments in exchange for premium payments. Many people purchase annuities to use the funds as retirement income. There are several types of annuities available to suit different needs.

For example, you might choose a single premium annuity, which requires only one premium payment. Alternatively, a flexible premium annuity involves multiple premium payments that may vary in amount. A deferred annuity delays payouts until a specified date after the premiums have been paid.

Some individuals opt for an equitable annuity, which ties premiums to the stock market index. With equitable annuities, you are guaranteed a base payment, but the amount could increase depending on stock market performance. Once you purchase an annuity, the terms you select are fixed and cannot be changed.

Call Us Today for Your Appointment

Our agency is committed to offering the best insurance products at affordable prices. At Pikes Peak Insurance Agency, we take pride in providing excellent client support. Residents in Falcon, CO, have come to rely on us for our experience and prompt service. Call us today to schedule an appointment, and let’s discuss your insurance needs.