Fixed Annuities
Like a Share Certificate, fixed rate annuities provide a fixed rate of return, however, fixed annuities grow tax deferred for retirement benefits. At the end of the term you choose, you can take the money back, let it renew at the current market rates at that time, or activate the income features that can last a certain duration or for the rest of your life.
Immediate Annuities
In trade for a single lump sum, you will receive income for a set amount of time, or for life. It provides the security of never outliving your money by creating a steady stream of income. With guarantees that if you pass away too soon, your beneficiaries will receive a benefit, and if you live a very long life, the income will still arrive.
Qualified Charity Annuities
A tax advantaged way to make up to a $50,000 donation to a charity and receive income for life. If you pass away early, the charity receives the remainder. The initial amount withdrawn from your IRA counts toward your Required Minimum Distribution, and only the amount you receive in the annual income is counted toward taxable income.
Qualified Longevity Annuities
You can now set aside up to $200,000 from your IRA today and advance it forward to as far as your 85th birthday. When you turn that later age, a bucket of money is waiting for you with income that starts fresh. It removes the asset from today’s value of your IRA (from which Required Minimum Distributions are based) and moves it to future plans. If you don’t live to that later date, your beneficiaries receive the principal amount back.
Deferred Income
A way to build your own pension. Setting aside money today, either through systematic savings or sporadic deposits, this account creates a source for future retirement income when you are in retirement. Once you have saved your nest egg, you choose how you want to start receiving your monthly income, with guarantees to provide for two people, if you wish.
Compare Features & Benefits
Features
- Guaranteed rate of return
- Tax deferred growth
Focus: Tax deferred accumulation
Death Benefit: Yes
Lifetime Income: Yes, if activated
Features
- Provides a steady, dependable income to help budgeting
- Payments start within 13 months of deposit
- Limited Liquidity
Focus: Monthly budgeting
Death Benefit: Options
Lifetime Income: Yes
Features
- Recognize a charity with a legacy gift
- Provides you with lifetime income, and a benefit to the charity if you pass too soon
Focus: Tax advantage way to recognize a charity
Death Benefit: Options
Lifetime Income: Yes
Features
- Moves part of your IRA money to the future
- Reduces the balance on which RMD’s are based
Focus: Advancing money for future expenses
Death Benefit: Options
Lifetime Income: Yes
Features
- Turns savings into future monthly income
- Payments start more than 13 months after deposit
- No liquidity (limited exceptions)
Focus: Build a personal pension plan
Death Benefit: Options
Lifetime Income: Yes
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Life Insurance that covers you for your whole life with fixed premiums that never increase.
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Easy, flexible term life insurance with a 5 minute online application, no medical exams up to $3,000,000 and instant coverage decisions.
