Florida Annuities Bonus

A bonus annuity typically offers a competitive interest rate which is guaranteed for one year with an additional bonus of between 3, 5, 10 percent or higher depending on the annuity itself. The bonus may be in the form of a higher interest rate credited in the first year, most commonly it usually is a percentage of premium, which is credited to the contract immediately.

An advantage of a bonus annuity is it allows you to move funds from a low interest yielding product into a new contract offering higher interest rates. The bonus, no matter if the annuity was based on additional interest or a percent of premium will serve to offset any penalties you may have incurred on the previous instrument or may serve to provide an extra value up front or jump starting your return on the annuity.

A bonus annuity can be a very complex product and should be looked at carefully prior to purchase to make sure that it is appropriate for your current and future needs. At Florida Affordable Insurance we understand annuities and can help guide you through determining if a bonus annuity is the best fit for you. You can call us or fill out the form on the left side of this page and a professional will contact you shortly.

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