Annuities

1. A long term savings plan that can be used to accumulate assets on a tax-deferred basis
2. A vehicle to convert retirement assets into a stream of income

1. Fixed Interest Annuities: An annuity that pays a fixed rate of interest on premiums invested, less any applicable charges. The company provides a minimum interest rate for the life of the contract
2. Indexed Annuities: An indexed annuity is an insurance contract (not an investment in the stock market). Interest is credited using a formula based on an index to which it is linked (e.g. S&P 500).
3. Immediate Annuities: A single premium annuity that is converted into a guaranteed, level income that begins immediately or shortly after the premium is paid.
4. Variable Annuities: A variable annuity is an investment contract that can be funded by a single premium or with on-going premiums. Interest is credited to the account value through sub-accounts invested in various stock and mutual fund accounts.

• People Looking to Retire in the next 10-15 years
• Those growing wary of Market Volatility
• Those looking to set aside resources for LTC expenses

For many, Annuities give financial peace of mind. Annuity Deposits (premium payments) grow tax-deferred and are then turned into a series of ongoing, periodic income payments. This means that the interest earnings and growth are not taxable to the owner while they accumulate.

This tax-deferral feature is one of the main advantages to annuity ownership. Annuities can provide guaranteed, lifetime income payments, helping to eliminate the fear of outliving one’s retirement funds. A Rider can be added for the loss of ADL (Activities of Daily Living similar to Long Term Care) – Click Here to Learn More about Long Term Care