Open, transfer or consolidate your IRA with us to protect your investment.
At TOLIC, we have been helping you manage life’s unforeseen situations for more than 60 years. We firmly believe you deserve security and peace of mind when it comes to your well-being, financial stability, and family. With our IRAs, we provide you with the security and peace of mind for your retirement, with protection of your principal.
What is an IRA?
An Individual Retirement Account (IRAis a savings program that can be established through a saving account with a bank, brokerage, credit union, or through an annuity contract with an insurance company.
Contributions or premiums paid are deductible from your income tax return and earnings, or the increase in IRA value are not taxed until they are received by the taxpayer.
An annuity is a long-term financial contract with an insurance company, with the purpose of increasing and protecting your money without risk of loss at the end of the chosen term. Similarly, it offers a guaranteed flow of income for a specific period or for life.
It’s an excellent solution for your retirement!
At TOLIC, our investment experts recommend that, if you are younger than 75 and are looking to protect, increase and sustain your retirement fund, diversify your investments or have an income that’s predictable and lasts a lifetime, you should consider adding an IRA to your financial plan.
What type of IRA is best for you?
There are different types of IRAs. TOLIC offers you two alternatives: Fixed IRA or Indexed IRA. Along with an insurance professional and trusted advisor, you can find the IRA that’s right for your needs.
1. Fixed IRA
Your investment grows based on a guaranteed interest for a specified term. Enjoy the protection of your principal, growth and guaranteed income for life.
We recommend the Fixed IRA if:
· You want to generate guaranteed interest for a specific term.
· You must transfer a lump sum payment from a retirement plan, pension from a company or an IRA.
· You need income for your lifetime.
The two phases of the Fixed IRA:
· Accumulation: During this phase, the money you contribute will generate interest at a fixed rate.
· Income: If you wish, in this phase, the money you accumulated can be converted into a guaranteed flow of monthly payments for life.
2. Indexed IRA
You have the potential to increase profits based on index growth and with market downturn protection. The return on your investment is linked to the performance of the stock market indexes, subject to a significant cap. Annually, investing allows you to rebalance between available indexes and a fixed interest account.
We recommend the Indexed IRA if:
· You want to participate in a portion of the increase in the stock market’s potential growth by eliminating the risk of market downturn.
· You must transfer a lump sum payment from a retirement plan, pension from a company or an IRA.
· You need income for your lifetime.
The two phases of the Indexed IRA:
· Accumulation: The money you contribute will generate interest at a rate based on the performance of an index.
· Income: If you wish, in this phase, the money you accumulated can be converted into a guaranteed flow of monthly payments for life.
Trusting in TOLIC is being among family
We are a leading company in cancer, life, accident, illness, and annuity insurance, purely Puerto Rican and founded more than 60 years ago to serve our people. We care about our insured and identify with their needs.
We are firmly committed to offering you the most complete insurance products. And, we remain at the forefront of our industry, to provide you flexible products that suit your needs. We want to help you face any unforeseen situation with the peace of mind that you and your family are protected.
For more information, visit our website www.tolic.com or email us to contact one of our representatives (customerservice@tolic.com).). And find out why, at TOLIC, we Give You More for your IRA.
