Understanding Immediate Annuities

By filling out this form you will be provided with immediate annuity information and quotes for the top immediate annuity products.

We will inform you about the Balance Refund Option, little known secrets about Monthly Payouts and the secret of the the "Exclusion Ratio". 

We shop the market for the highest rates and the best terms. There is no obligation or pressure.  

NOTE: If you are not sure what type of annuity you need, please fill out this form: Request a quote.


Important information about immediate annuities:

In return for a sum of money, the insurance company promises to make regular payments to the owner or designated annuitant for a specific period, such as the remainder of the annuitant's life. The insurance company will assume the risk of the payouts lasting your whole life. These are payments you can never outlive!! The payments can be set up in different ways, and some plans will actually allow for a change in payment structures at a later date.  Most conventional immediate annuities cannot be revised or cashed in, so selection of these products must be made carefully if the recipient's needs change over the selected payment period.

Funding sources for an immediate annuity can include maturing Certificates of Deposit (CDs), monies accumulated through a Deferred Annuity account, lump sum distributions from tax-qualified defined benefit or profit-sharing plans, or  IRA and 401K accounts.

Advantages: There are many advantages immediate annuities can provide to the buyer. Here is a list of just a few:

1. Security and Safety- the annuity provides stable lifetime income which can never be outlived or which may be guaranteed for a specified period;
2. Simplicity- the annuitant does not have to manage his investments, watch markets, report interest or dividends;
3. Quality Returns- the interest rates used by insurance companies to calculate immediate annuity income are generally higher than CD or Treasury rates, and since part of the principal is returned with each payment, greater amounts are received than would be provided by interest alone;
4. Preferred Tax Treatment- it lets you postpone paying taxes on some of the earnings you've accrued in a "tax-deferred" annuity when rolled into an immediate annuity (only the portion attributable to interest is taxable income, the bulk of the payments are nontaxable return of principal);

Safety of Principal- funds are guaranteed by assets of insurer and not subject to the fluctuations of financial markets.

No sales or administrative charges -100% of your funds work for you!

Single Premium Immediate Annuities (SPIAs) are suitable for situations such as retirement, terminal funding or pension terminations (including deferred commencements), retired life buyouts, structured settlements for personal injury, estate or divorce cases, professional sports contracts, and credit enhancement and guaranteed loan transactions.

 

Ask about the Balance Refund Rider

 

Income you and your spouse (or children) can never outlive!

 

Do you have a life insurance policy no longer needed?  Tax rules allow for a rollover to an immediate annuity!  Find out….be informed!

 

 

Learn the Risk/Reward Ratio

 

Risk too big, or too important to assume is passed to a risk bearer.

A risk bearer is an insurance company.
Let the insurance company assume the risk for your important money.

Safety and Security