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1. What is an annuity?
An annuity is a financial product issued by an insurance company. An annuity can provide a guaranteed lifetime income stream in return for a premium or premiums you have paid. Annuities are most often bought for future retirement income.
2. Is the money in a Fixed Indexed Annuity tax deferred?
YES. Money invested in a Fixed Indexed Annuity is tax deferred until payments begin. If the money that went in has already been taxed, you will only pay taxes on the interest earned when you start receiving payments. If the money that went in has not yet been taxed, you will pay taxes on the amount withdrawn plus interest.
3. Is it true that I won’t lose any money with a Fixed Indexed Annuity?
YES. You cannot lose any money with a Fixed Indexed Annuity. If the index goes up, you get a portion of the increase. If the index goes down, you don’t lose anything. Your premium and credited interest can never be lost due to index volatility.
4. What type of interest rate can I expect to earn with a Fixed Indexed Annuity?
We have Fixed Indexed Annuities with a Lifetime Income Benefit that guarantee 8% interest.
5. Can I receive a bonus for investing in an annuity?
YES. Depending on which annuity you invest in, you can receive up to a 10% Bonus for all premiums deposited within the first year.
6. Can I make withdrawals from my annuity?
YES. You are able to withdraw up to 10% of your annuity each year after the first year, penalty-free.
7. How does the Lifetime Income Benefit work?
With the Lifetime Income Benefit, once you elect to start receiving payments from your annuity, you will be paid for the rest of your life.
8. What if I die before all the money in my annuity has been paid out?
Any money left in the contract value after death will be distributed to your beneficiaries.
9. Are you licensed and insured?
Yes, we are licensed and are fully insured.
10. How do I receive a free consultation?
Once you contact us and request your free consultation, we will schedule a time to meet that is convenient for you. For your convenience, we will meet you at your home or place of business.
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