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The concept of annuities is that you exchange a lump sum for a guaranteed income for the rest of your life.

An annuity is a contract between two parties. One of them, usually an individual like yourself, pays some lump sum to a second party, usually an insurance company. After that, the insurance company gives regular payments to the individual for some period of time specified in the arrangement.

  • Types of Annuities

    The money in a fixed annuity earns interest at a rate guaranteed to not be below a minimum specified by the contract.

    When the annuity starts to provide income payments, the payments are a fixed amount. A special type of fixed annuity that bases returns on a market index such as the Dow Jones Industrial Average is known as an indexed annuity.

    The indexed annuity has protections in place to prevent losses to the principal amount.

    With a *variable annuity, the owner decides how the principal will be invested. While the owner may elect to place the money in a fixed account with a guaranteed minimum return, the money can also be invested in stocks, bonds or other funds that have no guarantee. The benefits paid out on a variable annuity may either be fixed or variable, depending on the terms of the contract.

    *Variable annuities are regulated by the U.S. Securities and Exchange Commission, while fixed annuities are not.

    *Sales of variable products must be preceded or accompanied by the current prospectuses for the products and their investment choices, which contain more information on charges, expenses, risks, and investment objectives. Please read them carefully before you invest or send money. Contact your Registered Representative if you have any questions.

  • Fees

    An insurance company may charge various fees for managing an annuity, such as percentage-of-premium charges, contract fees and transaction fees. The company may also deduct a percentage from each premium before adding interest earned. In addition, the company may charge a one-time or annual contract fee. A transaction fee can be placed on each transaction conducted, which includes premium payments.

  • Income Payments

    Annuity Quote Request



    For further information regarding any type of Annuities, or if you have any questions, please fill out the form below or contact us.

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