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Annuities

What is a fixed annuity?

A fixed annuity is a type of annuity contract that guarantees a fixed interest rate for a specified period of time. With a fixed annuity, the insurance company assumes the investment risk. The interest earned can grow tax deferred. 

 

Are you a candidate for an annuity?

It really depends on your needs and your uses of the product. Annuties can be traced back to the founding of the United States of America. The first recorded use of annuities was by the church who used annuity concepts to provide for widows and retired ministers. Please call our office for details about the pros and cons of annuities and to see if any of the various types could fit your needs.

What is an immediate annuity?

An immediate annuity is a type of annuity contract that is purchased with a lump sum of money and provides a guaranteed stream of income payments. The payments can be made for a fixed period of time or for the lifetime of the annuitant. Immediate annuities are often used as a way to generate retirement income.

 

What is an index annuity?

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An index annuity is a type of annuity that earns interest based on the performance of specific market index, such as the S&P 500. It offers the potential for higher returns than traditional fixed annuities. This allows one to take advantage of the market gains without any market downturns.

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