We are your trusted Annuity
Advisors
Transparent, Trustworthy, and Committed to Your Financial Well-Being!
About Our Agency
Our agency comprises agents with over five decades of experience in the insurance industry. We uphold the principle of complete transparency and adhere to the facts in every Annuity transaction. When selecting an Annuity, there is no one-size-fits-all approach. We tailor the Annuity to your specific objectives and requirements. Subsequently, we provide a detailed explanation of our selection process, highlighting the chosen company and product that align with your goals. Regrettably, annuities have garnered negative publicity due to unscrupulous individuals exploiting clients by recommending inappropriate products for short-term gain, and financial advisors criticizing the products to safeguard their own interests. When integrated into a well-crafted portfolio, annuities assume a crucial role in guaranteeing a steady stream of income throughout retirement.
Annuity solutions for Retirement Income Protection
FIA's
Fixed Index Annuities (FIAs) offer a potential index call option return (i.e. cap rate on the S&P 500) and contractually provide a guaranteed minimum interest rate.
DIA's
Deferred Income Annuities are also referred to as “Longevity Annuities” or “Longevity Insurance” because it contractually solves for the fear that you could run out of money.
MYGA's
Multi-Year Guarantee Annuities (MYGAs) are also called fixed-rate annuities and are a specific annuity product type that functions similarly to a Certificate of Deposit.
SPIA's
SPIAs have been sold in the United States for hundreds of years and are still the best personal pension plan for lifetime income if you need those payments to start immediately.
INCOME RIDER
An Income Rider is an attached benefit to indexed annuities or variable annuities that provides a lifetime income stream starting at a future date of your choice.
We Review Annuities
Have an Annuity and have questions?
-Not sure what it does?
-Not meeting expectations?
-Own a Variable Annuity that you now want protection from Market Volatility?
Request your free review down below
Common Annuity Myths
We understand you may have heard all the myths, but here are some facts.
Myth # 1: Annuities are expensive
While some annuities do come with fees, they can vary widely depending on the issuer and the type of annuity. Structured annuities, for example, may not charge fees, depending on the indexed accounts chosen and whether the money is kept in the account until maturity. Further, many find that the benefits an annuity offers — including the ability to grow tax-deferred and the potential to generate guaranteed income — to be worth the value.
Bottom line: Fees associated with an annuity are not necessarily more costly than those associated with other investment accounts.
Myth # 2: Annuities have no liquidity
Many annuities have a surrender charge period, and it’s commonly believed that you can’t access your money without incurring a penalty during this time. However, there are ways to withdraw money penalty-free during the surrender charge period. For example, some annuities allow investors to withdraw up to the amount they initially invested with no penalty. Other annuities may have a stipulation for investors to withdraw up to 10% of the current value of the annuity each year. You would have access to your full contract value without surrender charges once the annuity is out of its surrender charge period.
Bottom line: The level of liquidity will depend on the annuity contract and whether you are within the surrender charge period. If liquidity is important to you, choose a type that can offer the flexibility you’re seeking.
Myth # 3: When I die the insurance company keeps all my money
While some immediate annuities are designed to stop payments when the purchaser dies, many continue to make payments to beneficiaries. And, like annuities themselves, there is flexibility in the types of death benefits available.With a structured, fixed or variable annuity, your beneficiaries will usually inherit the value of your annuity upon your death. And most offer a standard death benefit that guarantees your beneficiaries will receive at least the amount you invested, adjusted proportionally for any withdrawals that were previously made. Many annuities offer optional death benefits (for an additional fee) that allow you to maximize the amount you leave behind.
Bottom line: If protecting your legacy is a priority, consider an annuity that offers death benefits that suit your needs and wishes for passing on your wealth.
Myth #4: Annuities aren't tax efficient
Similar to other retirement accounts, annuities can offer tax benefits that help support your goal of a tax-efficient investment strategy. Most annuities offer tax-deferred growth, meaning you fund the product with pre-tax dollars and pay taxes only on withdrawals. However, you may be able to purchase an annuity within your Roth IRA or Roth 401(k), which means that withdrawals may be tax-free if specific requirements are met.
Bottom line: Annuities can offer the same tax benefits as other tax-advantaged retirement accounts.
Myth #5: Annuities are complicated
Annuities with a guaranteed lifetime withdraw benefit work like Social Security or a pension. They can guarantee you a lifetime stream of income, subject to certain conditions and assuming no excess withdrawals are taken.
Myth #6: I have to pay a financial professional out of my own pocket
You are not required to pay the financial professional directly in order to buy an annuity. Your full premium is available to potentially earn interest from the annuity’s effective date. Annuity products are only offered through financial professionals and licensed insurance producers, who are compensated through commissions which are not deducted from the premium paid for the policy.
Could An Annuity Be Suitable For You?
We respect your privacy. Your information is never shared or sold. By opting in above, you agree to receive text message and email confirmations containg your requested information.