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Insurance Products
Annuities

What Do We Offer?

An annuity is an insurance product that systematically liquidates a principal sum over a lifetime through annual payments. An annuity offers a unique benefit not found in any other financial product, a guaranteed distribution of income that cannot be outlived. Annuities offer significant tax benefits under which you won’t pay income taxes on gains in the contract until you begin to withdraw money.

An annuity may be funded by a single premium, fixed level premium or flexible premium payments. Annuities are purchased for four basic reasons:

  • To provide supplemental retirement income.
  • To provide financial security in the event of a catastrophic illness.
  • To provide a safe haven against other poor performing investments.
  • To provide a survivor income.

There are two main types of fixed annuities:

  • Immediate Annuity: Income payments start anytime within twelve months of purchase. You elect to receive guaranteed income for a specific number of years or over your lifetime. Each income payment is calculated based upon your purchase amount and your life expectancy.

  • Deferred Annuity: This annuity type consists of two phases, the accumulation phase and the payout phase. During the accumulation phase, your money grows and accumulates tax-deferred until you take it out in either a lump sum distribution or a series of payments. The payout phase begins when you choose to begin receiving income from your annuity in the form of a partial withdrawal, a cash-out surrender or an annuitization providing a stream of income payments.

A variation of the traditional fixed annuity is the Equity Indexed Annuity. This type of annuity combines the guarantees of principal and minimum interest rates of a traditional fixed rate annuity with the upside potential of increased cash value buildup based upon the performance of a selected equity index such as the S&P 500.

With the long-term solvency of Social Security in question and the fear of outliving retirement funds due to increasing longevity, annuities continue to provide an easy to understand instrument for tax deferral and guaranteed income.

Annuity Products We Offer:

  • Immediate / Deferred
  • Traditional Fixed / Fixed Equity Indexed
  • Fixed Period / Lifetime
  • Qualified / Non-Qualified
  • Single Premium / Flexible Premium

We are licensed Annuities brokers in New Jersey, Pennsylvania, and Virginia. Call us at 877-399-7077 or have a broker contact you to discuss your Annuities needs and objectives.

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