Featured Products - Fixed Annuities

Life Insurance - Health Insurance - Fixed Annuities

• Method of systematic liquidation of a principal sum
• Creates an income payable over a defined period of time, by distributing the principal amount invested plus returns on principal
• Interest accrued on the yet-to-be-distributed principal amount makes the total sum of annuity payments larger that the inital amount of money deposited
  • Guaranteed to be credited with at least a minimum rate of return over the contract's life
• Federal income tax is due on withdrawals and a 10% tax penalty may apply to withdrawals pror to age 59½ and surrender penalties may apply.
• Surrender charges may apply during the contract's early years.
• Guarantees of annuity contracts contingent on the claims paying ability of the issuing insurance agency.
• Annuities contain martality, expense charges, account fees, management and administrative fees.
• Annuities are long term investments.