PReserve your future income…
PLANNING FOR ALL GENERATIONS®
Use an Annuity as an income source as Part of your retirement strategy
Save Money - Defer Taxes - No Annual Contribution Limit
The main Types of ANNUITIES
Begin receiving income payments as soon as the lump sum is deposited.
The money deposited in a deferred annuity is invested and continues to accumulate earnings tax-free until you are ready to take withdrawals.
In a fixed annuity, the money is invested in government bonds and highly-rated corporate bonds. These are the safest types of investments and guarantee a steady rate of return. Thus, the insurance company can commit to a set dollar payment every month.
The downside is that your payment won't go up even if the returns on bonds get better. The upside is that your payment won't go down even if returns on bonds fall.
Fixed annuities are a good fit for people who have a low tolerance for risk. They are counting on that monthly income, and they don't want to take chances with it.
A variable annuity makes payments that rise and fall with the performance of the investments that are made on your behalf.
Those who choose variable annuities are willing to take on some degree of risk in the hope of generating bigger profits.
Investors in variable annuities can choose from a variety of funds, from very aggressive to highly conservative.