Annuities
Welcome to the annuities section of our Web Site. This section covers the basics of annuities. If you would like to get an annuity quote simply complete and submit the appropriate form.
Get a Quote on a fixed annuity that behaves like a
bank CD. The interest rate is guaranteed for every year in which a surrender
charge exists. Like a bank CD, the insurance company guarantees a fixed
interest rate for a certain period of time, such as 5 or 10 years.
This is in contrast to a traditional fixed annuity where the insurance company
"resets" the interest rate every year on the anniversary of your
initial deposit. If you have a long-term investment horizon, CD Type Fixed
Annuities offer guaranteed level interest rates for the term of the contract
period that grow your money tax-deferred.
All annuities impose surrender charges, usually decreasing over time to
discourage short-term investment this only applies if you withdraw your money
before the end of the contract period.
Fixed annuities are very similar in risk to CD's. One difference is CD's are
FDIC insured and annuities are backed by the insurance companies that offer
them.
Why choose a fixed
annuity?
If you are more of a
conservative investor, a fixed annuity may appeal to you. Annuities offer
steady, guaranteed growth. Annuities also offer tax-deferral to help your money
grow faster and a lifetime income option to keep your retirement secure.