Looking for an
annuity? Researching different annuities
can
take a considerable amount of time and investment in order to
find the best annuity rates. We take the hassle out of trying to
find information about annuities. When you request your annuity
rate quote online, you'll have access to a wide arrangement of
annuity companies that provide the investment vehicle your
looking for and learn about the unique differences between each
investment product. Obtaining annuity information is easy with a
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Variable
Annuities
Variable annuities
are contracts between the annuity owner (you) and the insurance
company (them) whereby you agree to pay the issuer a principal
and in return the insurance company agrees to return payments
over a set period of time.
Some advantages of
the advantages of
variable annuities include being able to invest your money
into annuity sub accounts. These annuity sub accounts are
usually tied to market performance and closely resemble a mutual
fund. You have the option to invest in conservative fund and
similarly have the option to invest in an aggressive fund that
might include growth, small cap, mid cap and large cap fund.
The biggest
difference between variable annuities is that they are not
fixed. You have the option of investing in the annuity with a
lump sum payment of a small amount of payments over the time of
your life, similar to a 401k contribution. The annuity grows
over time and the earnings tax deferred until you start
withdrawing the money. You can invest as little or as much in an
annuity because they are not traditional retirement plans such
as a pension, retirement system of 401k. They continue to grow
in value over time.
A variable annuity
will offer and provide feature and benefits that include the
enhanced death benefit, living benefit and much more. Although
there are certainly a number of fixed, immediate,
retirement, deferred, charitable, indexed and pension annuities,
there are only a handful of annuity options that may suite your
particular investment need.
Tax Deferred
Annuities
Fixed tax deferred
annuities are primarily invested in government securities and high-grade corporate
bonds. They offer a guaranteed rate, typically over a period of
one to ten years, and have an average surrender charge that
decreases over 7 years, i.e. 7,6,5,4,3,2,1,0%. A
tax deferred annuity
will give the
investor payments starting at some later date, usually at
retirement. You can invest either a lump sum, or make periodic
payments. Those funds grow tax-deferred until you’re ready to
begin receiving payments.
In almost every case
the Fixed
Annuity Guarantees are subject to the claims paying ability
of the issuing life insurance company and the State Maximums.
For this reason, we it is very
important that you check the latest financial strength ratings
of the insurance company before investing any money. As a rule
of thumb, look for an A rating or better with A.M. Best, AA or
better with Standard and Poors, AA or better with Fitch, and Aa3
or better with Moody’s.
Immediate
Annuities
Immediate annuities
are structured so that pay-outs are based on a detailed set of
factors, including age, gender, investment amount, and type of
pay-out. Immediate annuity products are tough to compare side by
side because of these factors, which is why it's important to
seek advice from a
immediate annuity professional that can answer all of your
questions. By requesting more information from the Annuity
Guide, we will be able to better server by connect you with
qualified financial advisors and/or licensed insurance agents
that can assist you.
Bonus
Annuities
Some annuity products
with surrender charges reward the annuity holder by providing a
bonus. An example might look like this: If you invest $10,000 in
an annuity, the insurance company may add anywhere between 3%
and 5% to each of your premium payments, resulting in a bonus
between $300 and $500. This can be a great way to start your
annuity, but the trade-off is that
with a bonus annuity the surrender period is usually longer
(eight to nine years in most cases versus the typical seven-year
surrender) and each subsequent bonus payment will have its own
eight or nine year surrender period.
Annuities are
available throughout the United States: Alabama,
Alaska, Arizona, Arkansas, California, Colorado, Connecticut,
Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana,
Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland,
Massachusetts, Michigan, Minnesota, Mississippi, Missouri,
Montana, Nebraska, Nevada, New Hampshire, New Jersey, New
Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma,
Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina,
South Dakota, Tennessee, Texas, United States, Utah, Vermont,
Virginia, Washington, West Virginia, Wisconsin, Wyoming, AL,
AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN, IO, KS,
KY, LA, MA, MD, MS, MC, MI, MN, MO, MS, NC, NJ, NM, NV, ND, NH,
NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV,
WY, DC, Albuquerque, Anaheim, Arlington, Atlanta, Austin,
Baltimore, Boston, Buffalo, Charlotte, Chicago, Cincinnati,
Cleveland, Colorado Springs, Columbus, Dallas, Denver, Detroit,
El Paso, Fort Worth, Fresno, Honolulu, Houston, Indianapolis,
Jacksonville, Kansas City, Las Vegas, Long Beach, Los Angeles,
Memphis, Mesa, Miami, Milwaukee, Minneapolis, Nashville, New
Orleans, New York City, Oakland, Oklahoma City, Omaha,
Philadelphia, Phoenix, Pittsburgh, Portland, Sacramento, Saint
Louis, San Antonio, San Diego, San Francisco, San Jose, Santa
Ana, Seattle, Tampa, Toledo, Tucson, Tulsa, Virginia Beach,
Washington, Wichita
