Annuities
Annuities can offer you an opportunity to provide for a more secure future for you, and your loved ones. You can grow money tax-deferred and, when needed, set up a monthly income that you can't out live, or choose a specific number of years during which you want to receive payments. An annuity is simply a series of periodic payments. It is an insurance policy that promises to pay a series of payments for a fixed period, or over a person's lifetime. The purpose of an annuity is to protect against the possibility of outliving one's income. Basically, a life annuity can be defined as a contract in which the insurer agrees to pay the insured a series of payments throughout the insured's life.
Annuities are fixed, or variable investment contracts that are issued by an insurance company. A tax deferred annuity is a type of long-term personal retirement account designed to help grow your assets, and provide a steady income stream once you are retired. A tax deferred annuity has two phases: the savings and investing phase, and the retirement income phase. All of your earnings are tax-deferred, which means you don't pay any taxes on your earnings until you withdraw your money, usually at retirement. Amounts withdrawn prior to age 59½ are generally subject to a 10% federal income tax penalty as well as ordinary income taxes.
If you would like for us to send you some information on annuities, here is what you need to do.
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Click the Send Quote button on the bottom of this page and your information will be sent to our Annuity specialist.
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We will then mail to you some information on our most exciting annuities.
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Then, we call you one time, to explain the information we have sent to you and answer any questions you might have.