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Fixed
annuities can provide value and long term protection for
you and your family. There are two main types of
Fixed Annuities, Immediate Annuities and Deferred
Annuities. Depending on your individual financial
needs, there are many options available to help you meet
your goals.
Fixed Annuities also have several advantages over other
types of investments.
-
Guaranteed Return of Principal - The
principal value you invest does not fluctuate.
Most fixed annuities guarantee a return of all
principal payments (net of withdrawals and surrender
charges).
-
Guaranteed Interest Rates - Individual
interest rates may fluctuate however the rate will
never do below the minimum interest rate stated in
the contract.
-
Tax Deferred Growth - Taxes on Interest from
an annuity are deferred until you actually withdraw
your funds. Also depending on the method of
withdrawal, there can be even further tax
advantages.
-
Flexible Income Options - There are various
ways to withdraw money from your annuity, some of
which can even provide Guaranteed Lifetime income.
-
Avoid Probate - Since assets in the Fixed
annuity transfer to a named beneficiary, they can be
passed on outside of the probate process.
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