Annuities

ANNUITIES (Fixed & Fixed Indexed)

We believe in keeping your Money. We only offer Fixed & Fixed Indexed Annuities, so you do not lose your Principal. Variable Annuities cost more in management fees and can lose your principal.

Immediate Annuities give you Income the month after the Initial Premium is deposited. You can deposit a Single Premium aka SPIA or make periodic deposits.
Deferred Annuities give you an income down the road. Best left to build momentum as the interest compounds, wait 10 years and your money grows. You choose the Index offered by the Annuity, so the Money can grow on an Index like the S&P 500 Index. Remember how much compound interest you paid on the Mortgage of your House to the Mortgage company? You could have bought 3 houses for cash over those 30 years.
Upon your Death your Beneficiaries will receive the unused amount.

How Do Annuities Work?

In the accumulation phase, you (the annuity owner) send your premium payment(s) (all at once or over time) to the annuity issuer. If these payments are made with after-tax funds, you may invest an unlimited amount.
The annuity issuer places your funds in its general account.* Your annuity contract specifies how your principal will be returned as well as what rate(s) of interest you'll earn during the accumulation phase. Your contract will also state what minimum interest rate applies.**
The compounding interest on your annuity accumulates tax deferred. You won't be taxed on these earnings until funds are withdrawn or distributed.
The issuer may collect fees to manage your annuity account. You may also have to pay the issuer a surrender fee if you withdraw money in the early years of your annuity.
Your annuity contract may contain a guaranteed** death benefit or other provisions for a payout upon the death of the annuitant. (As the annuity owner, you're most often also the annuitant, although you don't have to be.)
If you make a withdrawal from your deferred fixed annuity before you reach age 59½, you'll not only have to pay tax (at your ordinary income tax rate) on the earnings portion of the withdrawal, but you may also have to pay a 10 percent premature distribution tax, unless an exception applies.

After age 59½, you may make withdrawals from your annuity without incurring any premature distribution tax. Since nonqualified annuities have no minimum distribution requirements, you don't have to make any withdrawals. However, your annuity contract may specify an age at which you must begin taking income payments.
To obtain a guaranteed** fixed income stream for life or for a certain number of years, you could annuitize, which means exchanging the annuity's cash value for a series of periodic income payments. The amount of these payments will depend on a number of factors, including the cash value of your account at the time of annuitization, the age(s) and gender(s) of the annuitant(s), and the payout option chosen. Usually, you can't change the payments once you've begun receiving them.
You'll have to pay taxes (at your ordinary income tax rates) on the earnings portion of any withdrawals or annuitization payments you receive.

*These funds are invested as part of the general assets of the issuer and are therefore subject to the claims of its creditors.

**All guarantees are subject to the claims-paying ability of the issuing company.

Protect your Assets from Litigation

(Annuitize your Business Assets)

Asset Protection

Most state and federal statutes protect annuities from civil liabilities, liens and debt claims.

Many business owners and professionals, especially those that are susceptible to liability litigation, protect their wealth inside of annuities.

It is important to check applicable exemption laws in your state before

investing in an annuity for the purpose of asset protection.

Fixed Indexed Annuities

Create Accumulation and Income opportunities without losing your principal investment
Create Lifetime Income, Death Benefit for your Beneficiaries, Free Withdrawals, and Inflation Protection for your Income
Maximize your Social Security Check and create Income for Life
Create a Safe Retirement from Market Volatility

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