Annuities

HELPING TO SECURE YOUR FUTURE!

When most people talk about annuities the reaction seems to be either a love or hate relationship. In reality, like all financial products there are pros and cons as well as good products and bad products. Please give us the opportunity to determine if this might be the right fit for your financial future.

Just some basic information about what an annuity is and how it works. An annuity is a contract issued by an insurance company. It is a unique financial product that provides tax deferral of interest and capital gains and the option of a guaranteed monthly income for life.

Although annuities can serve various needs, the primary purpose of an annuity is that of a retirement vehicle for the annuitant, the person who will usually receive the annuity benefits. The annuity is an attractive retirement vehicle because the money accumulating in an annuity, grows on a tax deferred basis. There are two parts to an annuity: the accumulation phase and the distribution phase.

After accumulating money in an annuity it is not mandatory that the annuitant exercise the annunciation option and relinquish control of his or her cash value and enter into the annuity distribution phase, the annuitant can simply cash out of his or her annuity.

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What Is an Annuity?

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