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There are many types of annuities in the market today.  However, we only recommend our clients use annuities that guarantee no loss of principal.  Here is a listing of some safe annuities on their descriptions:

Fixed Annuity

For retirees, the most attractive feature of fixed annuities is the assurance that it will provide a fixed income for life.  The three important features of an annuity are tax-deferred accumulation, guarantee of principal, and guaranteed life income.  The tax-deferred accumulation – in comparison to a similar taxable investment - allows for greater accumulation since earnings are not taxed away annually.

Annuities have been conservative vehicles for investment. Of course you should always check out the strength of any insurance company you’re considering buying from.   A good source is to get the Comdex rating of 80 or better from Vital Signs (see a financial professional) or a Weiss rating of B or better.

With the guaranteed life income payout option, you don’t have to worry about market downturns that could rob you of income. Also if you can put off your payout until later, you’re monthly payout will increase not only from increased earnings but from your reduced life expectancy.

Tax Deferred Earnings
Assurance of Lifetime Income
Not Subject to Market Downturns

Equity Indexed Annuities

An equity-indexed annuity is a special type of contract between you and an insurance company. During the accumulation period – when you make either a lump sum payment or a series of payments – the insurance company credits you with a return that is based on changes in an equity index, such as the S&P 500 Composite Stock Price Index. The insurance company typically guarantees a minimum return. Guaranteed minimum return rates vary. After the accumulation period, the insurance company will make periodic payments to you under the terms of your contract, unless you choose to receive your contract value in a lump sum.

Your Money Is Safe
Your tax-deferred annuity is safe. A qualified legal reserve* life insurance company is required to meet its contractual obligations to you. These reserves must, at all times, be equal to the withdrawal value of your annuity policy.  In addition to reserves, state law also requires certain levels of capital and surplus to further increase policyholder protection.  Plus, each state has their own Life & Health Guaranty Association, which protects individuals from losses.

*Legal reserve refers to the strict financial requirements that must be met by an insurance company to protect the money paid in by all policyholders.

Annuities Are Tax Advantaged
With a Deferred Annuity you pay NO taxes on your interest, until you actually use it. You can also control the tax year, in which the withdrawals are made, and then you only pay taxes on the interest you withdraw.

Annuities Avoid Probate.
After you die, the accumulated funds within your annuity will be transferred to your named beneficiaries, avoiding the expense, delay, frustration and publicity of the probate process.

Annuities Are Not Attachable By Creditors.
In most states deferred annuities are protected from all creditors, even in bankruptcy. That’s real safety!

Annuities Are Incontestable.
Heirs, family members and creditors can and do contest Wills, Trusts and the distribution of other assets going through probate, slowing up the process and adding additional expenses.

Annuities Are Private.
Unlike Trusts, Wills and the probate process, which are a matter of public record, you can leave assets to a friend, a favorite relative or a charity, without upsetting the remaining heirs.

Annuities Provide Immediate Cash Resources.
Your family has the money they need to live on, while they are waiting for distribution of other assets.

Annuities Provide Control From The Grave.
You can specify whether your heirs receive a lump sum payment, or a guaranteed monthly income.

Annuities Can Provide A Guaranteed Income For The Rest Of Your Life.

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