Annuities are insurance contracts that make regular payments to you either immediately or at some point in the future. It is designed to help protect you from the risk of outliving your income. You can purchase an annuity to help grow or protect your retirement savings or to provide you with guaranteed income. Annuities do have limitations. If early withdrawals occur penalties may apply and earnings are taxable as ordinary income and may be subject to a 10% federal tax penalty if withdrawn prior to age 59½.
Annuities are flexible so you can choose one to:
Fixed annuities don’t involves risk and don’t lose value. All guarantees and protections are subject to the cl
There are three basic types of annuities.
Annuities start paying out at different times.
Annuities are used to supplement other investments like a 401k or a Pension. Other investing vehicles that becoming very popular are the Index Universal Life Insurance (IUL). Before deciding on an annuity, you should consider your income needs, risk tolerance and investment objectives.
We can answer your questions, help you compare investment options, and give you information about how to enroll in a Annuity. Call us or fill out the request form.
We are an independent insurance broker and offer a wide range of products in order to meet all your insurance needs. If you are looking for Medicare, Life Insurance or an Annuity, we can help you.