Annuities

A contract sold by an insurance company designed to provide payments to the holder at specified intervals, usually after retirement. The holder is taxed only when they start taking distributions or if they withdraw funds from the account. If the policy has a named beneficiary the proceeds avoid probate at death.

Fixed Annuities guarantee the principal and credit interest based on either a declared rate or on a market index.  An investment vehicle that guarantees a stream of fixed payments over the life of the annuity. Also called fixed dollar annuity.

Variable Annuities are securites and are regulated by both state insurance commissioners as well and the SEC. A variable annuity is a life insurance contract which provides future payments to the holder usually at retirement, the size of which depends on the performance of the portfolio's securities.

Representing: