Annuity
If you are worried about outliving your income, an annuity may be a good option for you. An Annuity can guarantee a stream of income and death benefit.
There are four basic types of annuities, Fixed, Variable, Immediate and Modified Guaranteed. The
best one for you depends on your individual needs. If you would like to get an annuity quote simply complete and submit the appropriate form.
Variable Annuities
When preparing for the likelihood of a lengthy retirement, with the cost of living constantly rising
benefits like Social Security may not be enough. A vehicle like a variable annuity can be one of the options you need. This contact has a wide range of investment options, professional portfolio management, tax deferral, income options, and death benefits.
Fixed Annuities
If you are more of a conservative investor, a fixed annuity may appeal to you. Fixed annuities offer
steady, guaranteed growth. But fixed annuities also offer tax-deferral to help your money grow faster and a lifetime income option to keep your retirement secure. Your purchase payments earn a guaranteed interest rate for a set period of time. At the end of the period a new fixed rate becomes effective, based on current interest rates.
Immediate Income Annuities
An immediate-income annuity has little or no accumulation phase. You can purchase it with one
payment and may begin receiving income payments right away (usually within 30 days). This contract can help secure your financial future by locking in a guaranteed income stream. After your one purchase payment you are ready to receive income. You will also have the flexibility to choose your payout options.
Modified Guaranteed Annuities
Provide tax-deferred earnings with long-term fixed-rate options. Also known as Market Value Adjustment (MVA) annuities. Like the previous annuities this contract guarantees a level of income you cannot outlive, depending on your payout option. There is no cash value or loan value and your payment is based off a one-time premium payment. You can choose to receive you income immediately or defer for up to 20 years (in most states).