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Annuities For Growth, Annuity Riders, Fixed Annuity, Income Annuities, Uncategorized,

Annuities, what is the difference between a Variable Annuity and a Fixed Index Annuity?

What is an annuity? To understand how they work first you need to understand what an annuity is. In simplest terms, an annuity is designed as a long-term investment that grows tax-free (or tax-deferred) and can help you not outlive your income. It’s a contract between yourself and the insurance company that you choose for your annuity.  You can either make a single lump-sum payment to the company or a series of payments over some time. If you have questions about this, we are here to help. Now that we’ve got the basics out of the way, there are three main types of annuities to choose from:  fixed annuities, indexed annuity, and variable annuities. Fixed Annuity: Fixed annuities by design help you reach your goals


Are There Any Special Features That Will Protect Me If I Get Sick or Need Long-Term Care?

Yes, the best annuities may include the following features or waivers. These, as a result, help ease the strain of unforeseen events in your life. Extended Care Waiver  These features help ease the strain of unforeseen events. They do this by offering no additional charge. A contract owner is confined to a nursing home or another long-term care facility. The first contract year has been completed for at least 90 consecutive days. As a result, early withdrawal charges may be waived on withdrawals up to a full surrender. Terminal Illness Waiver Features These features kick in probably more than one year after the contract effective date. A contract or joint owner receives a terminal illness diagnosis. Most noteworthy, a prognosis of 12 months or less is given. The individual can