ANNUITIES

Annuities

An annuity allows a customer to deposit money (premiums) with an insurance company that can earn interest and grows on a tax-deferred basis with the agreement that the insurance company will then provide a series of payments back to the customer at regular intervals.

People typically purchase annuities to provide or supplement retirement income they will receive from Social Security, pension benefits, investments and other sources.

You can convert your annuity into a stream of income that can then be paid over a fixed period or for your lifetime.

You can take withdrawals of varying amounts when you need the income.

There are generally two different types of annuities:

 

Immediate – Provides income payments that normally begin within a year after the premium is paid.

Deferred – Provide income payments that begin later, often after many years. Deferred annuities are designed for long-term savings purposes.

Available to purchase using a single lump sum, or with flexible premiums over time.

When it comes time to take income from your deferred annuity, you will have many options available to meet your needs.

TYPES OF ANNUITIES:

– FIXED INTEREST RATE ANNUITIES

– INDEXED ANNUITIES

– VARIABLE ANNUITIES

Some immediate annuities allow you to access funds while others restrict access. You may also choose to purchase a fixed annuity in which both the earnings and principal investments are guaranteed.

You will need to make fixed payments based on the terms and conditions of the policy. A fixed indexed annuity refers to a special class in which returns are yielded depending on the specified indexed based on equity.

The returns may also depend on the changes in security index. This type of annuity also provides a particular minimum amount below which the value of the contract cannot fall regardless of the performance of the index.

Curiman Brokers Group also offers annuity death benefits that will cater for the future needs of the ones you love.

You only need to designate your beneficiaries and let us help you secure the future of those who mean the most to you.