Fixed/Equity Index Annuities

What is an Annuity? - Get A Annuity Quote
 
An annuity is a contract in which an individual agrees to pay premiums to an insurance company and receives, in exchange, a regular stream of income payments from the issuer either now or at some time in the future. Unlike many financial products available, an annuity can provide an income you can't outlive.

Whether you are seeking a combination of safety and growth for your hard-earned dollars, desire some flexibility and/or liquidity, or simply want a guaranteed rate of return, we have the products to fit your needs. Fixed and Index Annuities offer financial safety for your “nest egg” and will help you reach your financial destination. Fixed annuities provide a guaranteed minimum interest rate and are considered savings instruments. However, fixed annuities have an extraordinary record of safety and offer other benefits. It’s an cash contract issued by an insurance company that allows you to set aside money today (premiums), tax-deferred for retirement or other long-term financial goals. In exchange the insurance company promises a lifetime income stream. Taxes are paid when the interest earned is withdrawn.

General Concept of Annuities

Accumulation Period – Is a period of time the money is paid into an annuity.

Annuity Period – is a period of time during which money is paid out of an annuity.

Fixed annuities — For a predictable returnProvides a monthly payout based on a fixed interest rate Credited a fixed interest rate that typically does not fluctuate over the duration of your contract.Can specify payouts for a fixed period of time or for life (annuitization) Earnings are not taxed until paid out (tax-deferred) Best for investors with low risk tolerance who seek wealth preservation

Fixed indexed annuities — For a predictable return with growth potentialProvides a monthly payout that has the potential to grow (based on S&P 500 Index) Can specify payouts for a fixed period of time or for life (annuitization) Tax deferred Protects against market downturns - your account value cannot fall with the market Potential for higher stock market-linked returns without any downside riskNot an investment, an insurance product Best for investors with low risk tolerance who seek greater growth potential than other fixed indexed products

Disclaimer:

“Please note the application of surrender charges could result in a loss of principal, the minimum guaranteed return may be 0% and investment return based on market increases may be capped. The guaranteed account value of an equity-index annuity only applies if the annuity is held until the end of the contract term and that loss of principal is possible if the annuity is surrendered before the end of the contract term. Equity index annuities are not FDIC-insured, unlike index-linked CDs. Guarantees are subject to the claims paying ability of the issuer. A fixed annuity is only as good as the financial strength of the company issuing the policy.”