Annuities

If you need the stability of a market interest rate guaranteed to never fall below a stated minimum. Fixed Rate Annuities offer competitive interest rates that are usually higher than those of CDs or money market accounts. Liquidity options may include 10% free withdrawals, systematic interest withdrawals or return of premium guaranteed. Your clients can also annuitize their Fixed Rate Annuity to ensure a guaranteed paycheck for as long as they live.

Index Annuities are fixed annuities which link interest credits to a common market index such as the S&P500, NASDAQ or Dow Jones Industrial Average. If the market index declines in value, your account is protected. When the index goes up, the index annuity may gain value. In periods of low interest rates gains in index annuities may be substantially higher than interest rates available from Fixed Rate Annuities or other retirement savings vehicles. All the while, Index Annuities offer the same liquidity and income options as Fixed Rate Annuities.

The Guaranteed Lifetime Income Rider is an optional benefit that may be added to your annuity policy at issue for a nominal annual fee. The Guaranteed Lifetime Income Rider can provide the annuitant with a Guaranteed Withdrawal Payment from his or her annuity that will last a lifetime…income that cannot be outlived! Through the use of the rider’s formula, we determine the Guaranteed Withdrawal Payment from the annuity when the policy owner decides to elect the guaranteed income benefit.

The rider provides a guaranteed stream of income from the annuity for life, even if the policy’s accumulation value reaches $0. The guaranteed lifetime income payments will continue until the death of the annuity owner. If the owner dies before the policy’s accumulation value is depleted, there are two options:

The spouse can continue to receive the Guaranteed Withdrawal Payments until the policy’s accumulation value is depleted.
The spouse or beneficiary can receive any remaining accumulation value in a lump sum or in a series of payments.

Also known as Income Annuities, Immediate Annuities (or SPIA) generate income payments to clients within 12 months of the issue date. Your SPIA income plan can be designed to last a lifetime, a set period (such as 10 years) or a mixture of both. SPIA are great for clients needing immediate income and who seek the peace of mind that comes from a guaranteed paycheck.