Florida Annuities

Fixed Annuity

Is a long-term contract between you and the insurance company. It provides guaranteed performance (a fixed interest rate) with growth you can rely on.

With a fixed annuity, your money grows at a predictable rate of return and you will never earn less than the guaranteed minimum interest rate.

The fixed annuity can also provide you with income guaranteed to last a lifetime and you can customize the income stream to fit your needs.

With a fixed annuity, the money grows tax-deferred and is distributed in the pay-out phase when the annuity is converted to an income stream.

Annuities provide you with a unique advantage of income for life. The amount of income you receive will be based on several factors such as the value of your annuity, your age, and the type of annuity options you have chosen.

Equity-Indexed Annuity

An equity-indexed annuity is an annuity that earns interest that is linked to a stock or other equity index such as the S&P 500.

An equity-indexed annuity is a bit different from other fixed annuities because of the way it credits interest to your annuity value. Most fixed annuities credit interest calculated at a rate set within the contract. Equity-indexed annuities credit interest using a formula based on changes to the index from which the annuity is linked. The formula determines how the additional interest, if any, is calculated and credited. How much interest that is credited and when it is credited depends on the annuity contract.

Multi Year Guarantee Annuity (MYGA)

A multi year guarantee annuity (MYGA) is a fixed annuity where the current interest rate is guaranteed for a period longer than one year. Many multi year guarantee annuities offer a 2, 3 year or longer guaranteed.

These annuities were designed primarily to appeal to individuals who may be interested in certificates of deposit as an alternative. They provide for a stable interest rate that is higher than that paid by CD's.

These annuities normally provide the contract owners with limited liquidity. The contract imposes certain surrender charges for surrendering the annuity at any time before the end of the current guaranteed rate period.

Bonus Annuity

Now-a-days many annuities reward the investor with a bonus for there initial deposit. The insurance company may adds an average of 5 to 15 percent to your initial premium deposit. The trade-off is that with a bonus annuity the surrender period may be longer or a forfeiture of the bonus and bonuses interest if surrendered early.

Single and Flexible Premium Deferred Annuity

A single premium annuity is purchased with a single payment and a flexible annuity is pay into over a period of time and can work as a retirement account. All money grows on a tax-deferred basis until you withdraw your money or begin receiving a stream of income payments.

Single Premium Immediate Annuity

An immediate annuity generates income payments usually within 1 year after you purchase the annuity. This allow you to set up an immediate and steady income stream for a set term or for life with a one-time, lump-sum contribution.

• Fixed Annuities
• Indexed Annuities
• Multi Year Guarantee Annuities MYGA
• Bonus Annuities
• Single Premium Deferred Annuities
• Single Premium Immediate Annuities
• CD's Verses Annuities