IMPORTANT NOTE: the main distinction between Fixed
Annuities is that they are not investments, and therefore do not subject clients
to the risk of loss of principal; hence, we generally refer to Fixed Annuities
as "safe money placements" vs. "risk money placements."
For a descriptive overview of FIXED ANNUITIES we encourage our
readers and clientele to first read the following web page before any further
serious consideration of, or the acquiring of such a product, takes place in addition to what
we offer herein on our website:
"The Basics" at Annuity Specs:
Click Here
We offer the following types of Fixed Annuities
(if there is no hyperlink with added details on a given type of Annuity, then
please contact us for details):
Declared Interest Rate Annuity
Fixed Index Annuities
Flexible Premium Fixed Annuities
Single Premium Immediate Annuities "SPIA" -
Fixed Income Annuities
Single Premium Fixed
Fixed Annuities - Important General Disclosures:
A Fixed
Annuity is a long-term financial product designed largely for asset
accumulation and retirement needs.
Fixed Annuities
generally contain fees and charges which include, but are not limited to,
surrender charges, administrative
fees and for optional contract riders and benefits.
Withdrawals and death benefits are subject to income tax. If withdrawals and
other distributions are received prior to age 59 ½, a 10% penalty may apply.
Fixed Annuities typically carry surrender charges for several years that may be
assessed against withdrawals.
Certain Fixed Annuity product features, offered by some Fixed Annuity companies, such as
stepped-up death benefit, a bonus credit and a guaranteed minimum income
benefit, carry added fees.
If you are investing in a Fixed Annuity through a tax-advantaged plan such as
an IRA, you will get no added tax advantage. Under these circumstances you
should only consider buying a Fixed Annuity if it makes sense because of the
Fixed Annuities other features, such as lifetime income payments and death benefit
protection.
All guarantees of a Fixed Annuity are backed by the claims paying ability of the
issuing insurer.
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Not FDIC or NCUA/NCUSIF Insured.
No Bank or Credit Union Guarantee. |
