Fixed Annuities

Fixed Annuities will provide you with Control, Safety and Security for your growth and retirement funds. Growth, with out any risk. Your purchase amount is protected from any attachment ( State Statue 222.14), Tax Deferral of accumulated interest, the deferred earnings are not considered as income for Social Security, not included in your intangible taxes or for Long Term Care planning. The Annuities safety against attachment have been tested before the Florida Supreme and have proven untouchable. Note: In the event of a car accident, malpractice, or other liability suit, your mutual funds, stock and other assets are at risk in court. Not so with an annuity.

The basic, traditional fixed annuity will have a contract period of 2 years or more. It will have a declared interest rate for each guarantee period. That may be a one year period or a multi year period. With a multi year period, you know that you will receive a set interest rate for the next 2, 3, or 5 years Etc. This allows you to lock in a set interest rate. If rates are going down, you can secure a higher rate of interest. If the rates are going up, you can select an annuity with a shorter guarantee period.

Index Annuity. These are true fixed annuities that have a interest rate linked to an index and offer the potential of a greater return. The index most common is the S & P 500. It could also be the Dow Jones, Russell 2000, NASDAQ 1000 Etc. They will provide a interest credit at the end of a period, normally one year, based upon the performance of the index. As the market is going up, you will receive a higher interest rate. If the market nosedives as it has in the past, it is possible that no interest for that year may be credited. In perspective, a 0% interest is always better than a 50% loss. As an added feature, they have provisions to split the purchase amount in to one or more area’s, including a fixed account with a declared interest. This allows flexibility for you control to attain growth in a down market. Regardless of the market, you will have never have any losses, only gains.

The Index Annuity has many features to meet your needs and objectives. Depending upon the company and the particular annuity, there are features to meet your objectives. They have many features for you to choose from. They are excellent programs when, like anything else, are used properly

A word of caution: NOT all Index Annuities are the same. Do not let someone sell you an Index Annuity in your home until you understand all of the details and such details may not meet your plans.

Call us today to see how an Index Annuity can work for you

Immediate Annuities. The immediate annuity is most often used for Medicaid Planning. your first payment amount is paid to you within 30 days. The pay out amount is determined by the term you have chosen and the purchase amount. It may be for a set period of years, Lifetime, lifetime with a guaranteed number of years. The flexibility offers you to design a pay out to meet your needs. 

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