Annuities

Investors purchase annuities for many reasons, the most common being the tax
deferral of earnings and the guarantee of a lifelong annual income. Annuities have
become much more attractive investment options for retirement savings in recent
years. This has been due in large part to innovation within the industry, as providers
have introduced reasonably priced products with greater flexibility, as well as a
variety of investment options.

The Key Benefits of Annuities include;
1. Earnings grow tax-deferred until withdrawal.
2. Annuity holders receive a specified amount of annual income during retirement.   
3. Investors can contribute as much as they want during the accumulation phase of
an annuity.

Types of Annuities; There is two basic types of annuities: Immediate and Deferred.
Immediate Annuities are usually purchased at retirement age, with benefits that
begin immediately (within one year of purchase).

Deferred Annuities offer benefit payments that begin at some future date. Interest
usually accrues on a tax-deferred basis in the interim.  Annuities are also classified
as either “Qualified” or “Non-Qualified” based on the type of funds that an investor
uses to purchase the annuity contract (or to contribute to it).

Qualified Annuities are annuities that an investor funds with either pre-tax dollars
or tax-deductible contributions  Non-Qualified Annuities are those contracts funded
with after-tax dollars.

Top Selling Annuities We Offer