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Annuities

  • Do you suffer from fear of losing money in the stock market?
  • Do you shake your head when you see how much interest you earn on local savings accounts or bank CDs?
  • Do you worry that you won't have enough income during retirement?
  • Do you wish that contribution limits didn't exist for IRA, 401K plans, etc.?


Annuities can address each of these issues. 

Today's annuities offer:

  • Traditional Income Generation

  • Wealth Accumulation.
WHAT IS AN ANNUITY?
Traditionally, annuities are contracts from insurance companies that offer a stream of income in return for your premium paid. The income stream can be guaranteed to last as long as you live or it can be guaranteed for a period of time such as for 20 years. Should you live longer, the annuity continues paying out for the remainder of your life. Other variations exist.

Note that many people that own annuities never actually "annuitize" their policy to start the income stream. Instead, they use these policies for their wealth accumulation properties gained from fixed and indexed interest rates. Be sure to read the Buyer's Guide.  

ALWAYS CHECK THE SPECIFICS OF YOUR OWN ANNUITY CONTRACT(S)
Annuity Types
There are three main "categories" that define annuity contract types. The frequency of premium payments, the annuity payout timeline, and the interest earning characteristic of the annuity can all be used to define the type of annuity contract.
  • Single Premium Annuity
  • Flexible Premium Annuity
  • Scheduled Premium Annuity

  • Immediate Annuity
  • Deferred Annuity

  • Fixed Annuity
  • Equity-Indexed Annuity
  • Variable Annuity

For more detailed information, we highly recommend reading the booklet from the National Association of Insurance Commissioners-

ANNUITY TAX TREATMENT
Income Tax from Annuities are Deferred which means that you won't pay tax on earned interest until you withdraw funds.

This allows you to earn more because of the power of compound interest!
THE ANNUITY BONUS

Many annuities offer a BONUS on new contracts. Typically, this is an extra interest amount credited to the value of your annuity. The bonus may be immediately vested or vested over time.
Do Fixed Annuities Come With A Lot Of Fees?
ANNUITIES ARE OFFERED FROM VARIOUS INSURERS, INCLUDING THESE CORE INSURERS:
Annuities from AIG
Annuities from American National
Mutual of Omaha Logo
Mutual Trust Financial Group Logo
Annuities from National Western Life Insurance Company
Annuities from Oxford Life Insurance Company
Sentinel Security Life Logo
Annuity Proposal / Consultation
To request an introductory proposal and consultation, please submit the form below. One of our independent insurance agents will contact you within 48 business hours, if not sooner. If you provide an e-mail address, please be sure to check your spam and junk mail folders for our correspondence.

If this is an urgent matter, please call us -

Toll Free: 866-765-2243

Local Direct: 847-668-9194











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