Annuities

Annuities - An annuity is a financial product issued by an insurance company.  It allows tax-deferred growth of assets.  At retirement, an annuity can help to provide a guaranteed income stream for one or more people, in specified amounts, for a specified period or for life.  The money you deposit will be invested in interest bearing accounts, mutual funds or indexed annuities.  The annuity would accrue income tax free until the money is withdrawn.  There are two types of annuities: immediate annuity or deferred annuity.  An immediate annuity requires a lump sum deposit, then it will provide a life time income.  A deferred annuity allows you to deposit money in a lump sum or installments, however, the payout is then deferred to a later date.

As an independent agency, we have the ability to "shop" all markets for the best plan that fits your budget.  We are continuously monitoring these products and believe that education is very important.  Knowing what product will work best with your unique situation is our goal.

Whether it's Term Life Insurance or Permanent Life Insurance; whether you would like to save for the future with an Annuity or protect your income with Disability Insurance or protect your assets by purchasing Long Term Care Insurance, we are here to listen and advise.

 

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