Talk to a local car insurance agent now:
(904) 425-1240
Press play below to listen to our audio commercial:

Terms Being Used For Fixed Annuity Contracts And Its Definition

Every business venture has the basic knowledge that helps investors succeed in such ventures. When you are buying a fixed annuity, you need to understand what different financial terms mean. This way, you will be able to understand the contract between you and the financial firm. Consequently, you will know what you will be signing and you will avoid making some grievous mistakes during the investment period. These can lead to some undesirable tax penalties.

Listed below are some of the terms that you will find in an annuity contract.

Two-tier annuity – This is a category of the annuities. It usually provides relatively attractive interest rates, which are usually much better than the stock markets are performing. The firms that provide these options usually work with the idea that the person buying the insurance will not terminate the contract prematurely.

Tax sheltered annuity – Some annuities have restrictions on who can buy them and this is one of these annuities. The people who can purchase this policy are teachers in public schools, college employees, hospitals’ staff and anyone else who is mentioned in the section 403b of internal revenue code.

Temporary annuity – Different annuities last for varying periods but most people are aware of the lifetime annuities. However, a temporary annuity expires at a date that is usually predetermined.

Term certain annuity – If you invest in this scheme, you will receive regular monthly income for a specified time. Once this time is up, you will no longer continue to receive such payments from the insurer.

Trustee – There are organizations and individuals who always have the responsibilities of being able to receive, manage and distribute plan assets.

Tax free transfer – There times which might necessitate the change of an annuity from one account or scheme to another. When you do this under the regulations that exempt you from any tax penalties, then the process is referred to as a tax-free transfer.

Tax deferral – This is one of the features of a fixed annuity. It means that any interest earned by your principal deposit will not be taxed in any way up to the time that you start withdrawing the interest.

Surviving spouse – When an annuitant passes on, there is a current partner or a former partner who is bereaved. This partner is the surviving spouse. He or she might be needed if mentioned as a beneficiary in the contract.

Surrender value – When the person who buys an annuity was to withdraw all the money in an annuity, there is the amount that he would receive. That receivable amount is the surrender value.

Surrender charge – A fixed annuity has regulations that bar people from withdrawing money from the schemes during the accumulation durations. However, if someone has a pressing need there might be the need to make this withdrawal. Consequently, this person has to pay a penalty for withdrawing all the funds. This penalty is referred to as the surrender charge.

Split funded annuity – This is an investment scheme that provides buyers of the scheme some flexibility. Whenever you deposit some money into an investment account for this scheme, your principal is divided into two. One half funds a fixed option of annuities and earns interests without any tax payment. The other half funds an immediate annuity for you. Consequently, you will be earning interest from the former half while receiving payments from the latter half and this will happen simultaneously.

Simply enter you zip code on the top of this page to compare annuity rates for free.

Reasons Why Fixed Annuity Is a Good Retirement Plan in US

What do most people want to have after their retirement? There could be a million answers for this question. However, the answer that might be common among most people is a guaranteed source of income. Most people would like to get this income without much struggle. The reality of the matter is that this is possible but it is always good to start your retirement plan at a young age. One of the plans that you can invest in for your retirement is the fixed option of annuities.

It acts as an insurance that provides you with regular payments after retiring rather than paying you when something bad happens to you. These payments usually last for a lifetime. Actually, you can buy a policy for both you and your partner. When one of you passes on, the other will still continue to receive the payments. In other cases, you can name a beneficiary to ensure that your investment never goes to waste even when you die. The beneficiary always receives the money that had not been paid to you in either of the two ways. One, he or she can receive only the balance remaining from your principal amount. Two, there is the option of the beneficiary receiving both this balance and the earned interest.

Therefore, how does someone get to invest in a fixed annuity scheme? Well, most people might never have an idea on how to invest in annuities. However, it should not be a demanding task. One way of getting the information is using the internet to get all the answers regarding the investment. Your second option would be to consult with your financial advisor or an independent insurance agent. However, the investment process involves getting into a contract with an insurance firm, which acts as the custodian of the money that you invest for your retirement.

There are two ways that you can deposit money into your investment account. There are the deferred and the immediate annuities. The former involves depositing of money into your account for the principal amount in instalments as the contract dictates. With this method, there is always the period that precedes that which you will be receiving your regular payments. It is referred to as the accumulation period. It is the time that your principal earns interns interest without any tax deductions. The tax deferral feature of this type of fixed annuity is quite beneficial because it ensures that your money earns high amounts of interest. Moreover, the scheme helps you in refraining from making unnecessary withdrawals by imposing stiff penalties for people who wish to withdraw more than the maximum allowed amount. Therefore, you will not reduce the amount of your incomes after retiring. This method works best for people who start investing while they are still young.

For the immediate annuities, investors do not wait for long durations before being able to receive their regular payments. It might be a great scheme for people who realize the need to take care of their retirement when they are about to retire. Therefore, when they receive their retirement benefits they usually put the money into the immediate annuity investment scheme. This action prevents the person from putting this money into an improper use which could leave him or her without any source of income after some time. Therefore, the annuity ensures that the investor receives payments soon after his principal deposit for a lifetime.

To find out more, simply enter your zip code at the top of the page followed by some basic information to check and compare annuity rates for free!

Learn Terms Form Fixed Annuity Glossary For A Better Understanding Of Your Contract

When you invest in a fixed annuity scheme, you will receive a contract which will detail all the terms and conditions regarding your investments. This document will have some technical words from the investments fixed annuity glossary. Most people might not understand these words or might have the wrong impression of such words and clauses. Consequently, you might find yourself contravening the contract and hence attracting some fines. Therefore, it would be necessary to conduct some research before signing this document. Here are some of the words from fixed annuity glossary that you are likely to encounter.

a)            1035 exchange – There are times that you might want to change your investment in this annuity with another product in insurance. This term defines the legal exchanges that are usually not taxed. The entire definition of this process is in the Internal Revenue Service code. When you want to carry out such a transaction, you should hire a professional to do the job for you. This is because the process can be quite complicated.

b)            Accrued monthly benefit – With fixed annuity investment, you should receive your payments after retiring every month. Such payments are referred by this term. They are calculated after considering several factors and the formula used will have some variables. Since you are assured of a minimum value, these changes in these variables can contribute to higher values for your payments.

c)            Accrued interest – With the deferred annuity option, your principal earns some interest which is not taxed. Moreover, it adds to your principals and continues to earn more interest and hence this term.

d)            Annuity period – This is the duration between any two payments, which you receive after your retirement age. The period can be any one of the four options of after every month, every three months (quarterly), every six months (semi annually) or annually.

e)            Annuitization – Within your annuity contract there is the time that is defined, where you will start receiving payments from the insurance firm. Therefore, the process of converting your principal plus the earned interest into some regular payments is referred to by this term.

f)             Annuitant – There is the person who will be recognized to receive payments from a fixed annuity. That will be the annuitant. In other words, this word refers to the person who owns this investment. One rule for these parties in a contract is that they have to be individuals rather than some company. You will also find that this person’s age will determine the amount of each payment as well as any penalty that may be passed onto him or her.

g)            Annuitant driven – An annuity contract will define the actions that will depend on various conditions of an annuitant. These actions are said to be annuitant driven. The conditions that could trigger such situations are death and disabilities.

h)            Asset allocation – Within annuity investments, annuitants have the option of choosing where they could have their money invested. This is a necessary action to ensure that your money will gain high returns and reduce chances of making some losses.

i)             Guaranteed interest rates – Investing in the fixed options of annuities assures you of a minimum rate of interest, which is referred to by this term. However, these rates can change after a year. Whenever they are set, even when the market conditions deteriorate below that rate, you will still get the minimum interest.

j)             Purchase payments – These are the deposits you make into your account for investment in an annuity.

Simply enter your zip on the top of this page, followed by some basic information to find out if an annuity is a good fit for you.

Know If Fixed Annuity Companies in USA Give You The Best Investment Deals

A fixed annuity investment is generally a good idea for retirement plan. Actually, there are many firms which offer the insurance services. Therefore, you might find that you will have a hard time choosing the right place to invest. However, such a decision will always require some advice, which you could get from our financial advisor or your insurer. Investing in the right firm can save you the processes of transferring your investments to other places.

Therefore, what should you look out for in an insurance company?

The first feature that you need to look out for in insurance firms is their rating with various bureaus such as S&P and A. M Best. These companies evaluate the insurers in terms of credibility and their financial strength. You will also need to research on how these bureaus rate insurers so that you can understand each rating. Therefore, having a custodian of your investment being rated high likely assures you that you will not lose our money due to the market’s poor performance or the insurer being put under receivership. This is a necessary feature because the investment will last for quite a number of years.

The second feature that you should consider while choosing the firm to enter into a fixed annuity contract with is the associated fees. These will involve the account maintenance and annual charges. The most important thing in any investment is to ensure that you have justifiable returns. If an insurer has high fees for their offered services, this will reduce your levels of interest. Most firms will charge fees of between 1% and 3%. Therefore, if you have two insurers’ options with rates of 1% and the other 3%, then it would be best to choose the firm with fees of 1%. This would ensure that your investment levels do not reduce very much.

Thirdly, you need to know the minimum interest rate that the firm will offer you, at least for the first year of investment. A firm with a high rate might be an advantage for you because you will earn more interest which then compounds on your principal interest. In this case, you need to know that annuities are not supposed to have investment limits. Therefore, if you find a firm that is limiting the money that you can invest, then you should probably avoid such an insurer.

The fourth property of a good investment deal in a fixed annuity is the allowance of withdrawing a part of your money without any penalties. Such a feature provides you with a sense of financial security especially when you are in need of money. Various firms will allow different levels of that you can withdraw without any penalty. Having a high limit takes care of the moments that you might be without any income, yet you need some.

The fact that an annuity investment takes care of your income source after retiring requires that you choose a firm that will guarantee you a lifetime source of income. This would mean that you could maintain your way of life even after you retire. Moreover, you will not have to stress yourself unnecessarily for you to get this source of income. We never know for how long we will live despite a consideration of projected life expectancy. Therefore, you should take care of a death’s uncertainty by choosing a firm, which allows you to name a beneficiary. This person receives any money that you might not have the opportunity of being paid.

Simply enter your zip on the top of this page, followed by some basic information to compare and find the USA annuity quote fit for you.

IRA Fixed Annuity qualified options in USA

Most employers will encourage their employees to start an investment scheme while they are still working. They do this by contributing part of your salary to the retirement plan that you choose. For example, someone who works in a non profit organization can invest in either a fixed or a variable annuity. Moreover, businesspersons can also take advantage of these schemes via the simplified employee pension.

FindAnnuitiesHowever, even though an employer participates in these investments the employee has to make the decision either to invest or not to invest. Financial institutions that help in annuity investments include banks, insurance firms and companies in mutual funds. When you invest in an IRA qualifies annuity, you will have the opportunity to choose the different markets within the annuity. For example, you can decide to invest in two different equity portfolios and money market. These different portfolios will require different amounts of your investment. Moreover, you can reallocate your investment many times within a year.

Investing in an IRA qualified fixed annuity has plenty of advantages. One, the schemes have death benefits. This means that you will be able to name a beneficiary in your contract. The beneficiary receives any payment that you may not have received at the time of your death. The least amount of the money that a beneficiary can receive is that which make all the annuitant’s principal paid out. However, most institutions provide the option of buying riders at an extra fee. With such a purchase, a beneficiary also receives all the interests earned by the principal investment. The second advantage with this scheme is that the interest earned is not taxed. Therefore, your investment grows at rate that is higher than it would have if it were taxed.

However, investing in an IRA qualified fixed annuity has annual limits. Therefore, you might want to invest a lot of money but then you find that it is not possible. This limit changes after some years. Moreover, these retirement plans have eligibility criteria, which are the amount of salary that an individual earns and his age. In other cases, some investors usually face some tax deductions on from the money that they invest on these plans. The first group is the people who invest on their own, without their employer’s assistance. Two, there are people whose incomes are less than the deductibility ceiling at their time of investment.

IRS has some restrictions for the IRA qualified fixed annuity plans. Therefore, you should consult with your financial advisor before starting the investment. These restrictions will include the possible penalties, withdrawal age and maximum contributions among others.

In general, these investment schemes are good options for your retirement plans. It is good to know that are gambling with your lifetimes savings. Therefore, even when markets are not performing well, you will still make some interests. Even though saving your money in a bank is another option, your earned interest will be taxed. Considering this with the tax-free annuity plan, it shows that you will make more money when you invest in an annuity scheme. The accumulated money is quite a lot especially for the persons who realize the importance of planning for retirement at an early age.

Other benefits result from these annuities. They include home nursing and terminal illness benefits. Since no one knows when misfortunes can strike, these are worthy benefits. In any case, after retirement, you might find yourself being a loner when the kids are all grown up.

Simply enter your zip on the top of this page to gain more information about annuities.

Investing for Your retirement With Fixed Annuity in USA

What features do people look for in retirement investment plans? Well, these could be many and they could vary with different individuals. However, some features will be common among most individuals. They will include security of investment, guaranteed return of the investment with very low risks and level of income after retiring. Let us evaluate these features in more details with relation to annuities.

Security of investment will require that your investment be immune to losses and if they occur. These should be controlled. With the fixed annuity, you may be assured that you will not only be protected from such losses but with some interest as well. However, you also need to ensure that the firm that will be taking care of your investment will not collapse before you get your money back. This could be hard to determine because this information will not be obvious from looking at the name of a firm. However, there are bureaus that rate these insurance institutions after a consideration of various factors. It is always recommended that you invest in a firm which rates highly. This way, there are very low chances of such a custodian collapsing.

In business, people say that the higher the risk the higher the rate of returns. This is a debatable statement. When you have plenty of money, you can afford to take chances by investing in high risk ventures. However, if you are putting your lifetime savings on the line, this is not an option. It would be best to invest in a low risk scheme, which has an assured return rate. A fixed annuity scheme falls in this category. Once you put your money into this venture, you will be guaranteed of a minimum rate of interest. This is a good thing. Moreover, this scheme has always resulted in investors getting more than this minimum rate. Therefore, your income will not depend on how well the stock markets will perform.

Within this type of assurance, there is another advantage, especially if you invest in the deferred option of the scheme. This scheme allows you to earn interest from principal deposit without any taxes. This is one of the advantages, which should make you invest in this venture rather than keeping your money in a savings bank or in a money market scheme. Actually, calculations show that a person investing in this scheme will earn 45% more than a person in a taxed scheme. This is a lot of money and it is even more when you consider the compounding effect.

When you are retiring, you need to ensure that once you stop earning your usual monthly salary, you will still have a reliable source of income. A fixed annuity investment scheme will give you this assurance. After waiting for the money that you invest in this scheme to accumulate for the time specified in your contract, you will start receiving your payments. This distribution period usually starts at the age of 59.5 years, a time that most people will retire. You will also have the option of choosing how you would like to receive these payments. It could be monthly, quarterly, half-yearly or yearly.

Most contracts, although you should confirm this with your insurer, will always pay you up to the time that you die. This security is not available from most investments. Moreover, you can always name someone who will receive these payments if you die before receiving all the payments. In other cases, you can choose to receive payments together with your spouse. When one of you dies before the other, the bereaved continues to receive the payments.

For more info on annuities, enter your zip code on the top of this page with some basic information and you can start comparing FREE annuity quotes that might fit you the best.

How to Prevent The IRS From Taking 30% Of Your Retirement Fixed Annuity in US

With a deferred fixed annuity, most people will start investing at early ages. Therefore, most people will input a substantial amount of their income in such schemes. The annuity insurance firms do not place any limit for investors. This gives people the freedom to place as much money as they would like to invest in such investments. It would be very painful if a huge IRS penalty were imposed on your account because it would lead to the loss of the money that you worked very hard to get.

Three different scenarios that would result in such penalties are listed below. The first one is the withdrawal of your investment as a lump sum after you retire. Even though your annuity contract could be mature for you to make the withdrawal, a fifth of your payments are usually taken. This amount takes care of any federal taxes that you might be required to pay. However, there are situations that might lead to more amounts being taken from you. These situations are determined by an individual’s tax bracket. The money is taken because the annuity is considered your source of income since you are not working. However, you can avoid these penalties.

All that you need to do is to directly rollover your IRA account. In this case, you will not come into contact with the money that you are transferring. Therefore, you will not be taxed in any way.

Another reason that leads to high penalties within fixed annuity investments is the premature termination of a contract. For this retirement plan, it is not possible to end a contract between you and an insurer during the accumulation period. If you have to do it, then you have to pay a huge penalty. That is inconvenient because the process will reduce your money greatly. The best way to avoid these losses is to refrain from prematurely terminating your annuity contract.

The third reason that could lead to unnecessary fines being imposed on you is withdrawing money during the accumulation period of your fixed annuity. Therefore, how can you avoid such penalties? There are many ways of doing that. One, there is always a maximum annual amount that you can withdraw from your account. You should find out this value and then make sure that you do not exceed the stated amount. However, there are the situations that arise and you have to withdraw more money than this maximum allowable tax-free withdrawal.

You can take advantage of the exceptions set aside for such huge withdrawals. The first option involves the taking of a short-term loan from this investment. Therefore, you have to visit your investment’s custodian and discuss on your needs. When the insurer agrees to such a request, you are required to return the money the soonest possible, which should be a period not exceeding 60 days. Otherwise, you might find yourself being taxed because of the delay.

A second exception is that you can pay the fees for a tertiary institution either for yourself or for a dependant. However, the only catch is to have a proof that the person attending the college has actually qualified to join the institution. Know that this person should not be benefitting from a scholarship or any other tax-free aid.

Finally, if you want to buy your first house, you can use the money that you have invested in an annuity without facing any tax penalty.

How Fixed Annuity Can Help Reduce Stock Market Risk

For someone who has sufficient money for investment purposes, high-risk ventures maybe a good idea. This is because the success of such an enterprise usually means that you will have high returns. However, when the deal turns sour, the person loses his investment either in part or in full amount. This person would not feel the pinch of such a loss because he can get some more money. On the contrary, someone who does not have the pleasure of getting any other capital if he loses his initial amount cannot take such risks. A good example of this person is anyone who is investing for purposes of securing his retirement days. This person would rather have a low risk investment scheme with a guaranteed level of returns. Therefore, what options does this person have?

FindAnnuitiesA good investment idea for someone who is in such a tough position is a fixed annuity. In this case, you will deposit money with some insurer of choice. Then the insurer will put this money into the stock markets on your behalf. Well, it might seem that you are still in the risky business of stocks but don’t worry. This is because the insurer usually carries your investment risk. Then the firm reduces its own risk by having many clients.

With the fixed annuity investment, you will have an assured level of interest irrespective of the market’s trends. Even when the market is moving in a direction that leads to losses, you will not lose your capital. Even if the stocks prices were not pleasing for an entire year, you would still receive the minimum interest as promised by the insurer. This is very much different from investing directly into the stocks market.

The direct investment would necessitate that you become vigilant in observing the market and in making the right trading decisions.  This can be an easy thing for someone who has developed the trading skills, which usually happens over a long period. However, for a new person in the markets you would have to start by reading so that you can understand how the markets work and determine indicators of a good trading point. Most stocks’ brokers provide trial periods whereby you can learn how to use their software and understand the markets fully. However, considering that you are in a busy career, this can be very challenging because it would require quite some of your time.

When you invest in a fixed annuity, you will not need to have all this time at your disposal. The insurance firm does all the trading and gets you your interest. Actually, the venture’s advantages also include the way that the interests accumulate.

The annuity allows you to make money via interests without paying any taxes. This can be advantageous because the money that was supposed to be deducted from your account is added to your principal and the reinvested in the market. Therefore, by the end of the investment period you will have made more money than the person who earns interests at the same rate as you. This is despite the fact that you will not have spent any time in observation of the market.

Finally, people who make huge investments usually make a substantial amount of income. With an annuity investment, you will have the opportunity to invest as much money as you would like to. This advantage may enable you to have a secured retirement life.

Simply enter you zip on the top of this page for more info for free annuity quotes.

Helpful Fixed Annuity Features and its 2 Types

Fixed annuities offer numerous flavors of enticing features to the market. These features vary depending on what type of fixed annuity is offered and depends on what the company’s deals are.

All fixed annuities are packed up with benefits and advantages depending on what kind of annuity is bought. One of the commonly shared features of all fixed annuities is these are all tax-deferred.  There are no income tax requirements until the withdrawal of the annuitant. This feature serves a great deal to many annuitants since they are able to save up their money with no taxes abound to come. Who would want to be taxed anyway? It is a great way to save the money you could have paid in the taxes.

Fixed annuities usually run from 1 to 15 year term. The number of terms depends on the annuitant. If he or she decides to get another if ever his or her annuity contract is terminated, he or she can reapply for another term.

Death payout is also one of fixed annuities’ highlights. When the annuitant dies, his or her spouse or any beneficiary will receive an amount of money for a given span of time signed upon on the contract. Life annuities give this kind of service to the investors. This is a great way to insure the life, specifically the financial stability of the left living relatives or family members of the annuitant.

The withdrawal privileges offered in fixed annuities are also flexible. Immediate fixed annuities which allow the annuitant to withdraw money from his or her account after one year of investment give a 10% withdrawal allowances annually. An annuitant can also withdraw before his retirement period. This is not really recommended by insurance companies because the Income Revenue Service (IRS) will give the annuitant a 10% penalty. Nonetheless, after the retirement period of the annuitant, withdrawals come up free of charges and fees.

If an annuitant also desires to take part or all of his or her annuity values, withdrawals charge also known as surrender charge will be imposed. Surrender charge may end at a specific time specified in the contract. Again, it all depends on the decision of the company. So before someone buys an annuity, it would be really helpful to check the end date of surrender charge because some companies have surrender charges that last forever.

Also, the fixed annuities’ payments could be in a lump sum form or could be periodic. Depending on the type of fixed annuity bought, the payment options vary. Deferred fixed annuity allows an annuitant to receive payments after his or her retirement which leaves him or her with a lump sum of money. Immediate fixed annuity, on the other hand, offers to pay the annuitant periodically.

Another feature of all fixed annuity is that there is a guaranteed interest rate provided for as long as the annuity contract lasts. Fixed annuity contracts provide minimum interest rates. No matter what happens in the market, there is a guarantee that the annuity of one person will still continue to grow.

To clear things regarding rates, rates vary from fixed annuity to another. The guaranteed rates the insurance companies offer could also be not the guaranteed rates the annuitants thought of. Meaning, some insurance agents advertise having high rates when in fact these rates last for only the first few years of the contract without explaining why situations like that happen. They should at least explain to the prospective annuitants the different rates the company offers at that time like current rates and bonus rates. Nevertheless, higher rates or not, there are still rates available for the annuitants to benefit from.

The above mentioned features do not necessarily apply in a single type of annuity or a single company. However, what are listed above are the commonly used features of fixed annuities.

Plenty of attractive features in there, right?  Enter your zip code now and start looking for the features you like that annuities can offer.

Fixed Annuity Options As Your Guide To Investing For Your Retirement in USA

Once we retire our income levels drop to some meagre levels. This can be a huge blow for anyone who had not planned for this time and maybe still has obligations such as paying some kids college fees. However, insurance firms will now provide you with options of taking care of such times by providing you with fixed annuity options. Therefore, what does this investment involve?

This is an investment, which involves signing a contract with some financial institution for you to deposit a principal amount and they will pay you regularly once you retire up to your time of death. These payments will usually be of a predetermined amount. Whatever the amount you deposit into this account will be paid back via these periodic payments. Moreover, this principal will be earning interests for you starting the day that you credit your account until end of payments. You financial institution will also pay you part of this earned interest. There are two different options of distributing these payments.

One of them is the immediate fixed annuity option. This is whereby you deposit some huge amount of money into an investment account. Your own insuring firm starts paying you soon after this deposit for the duration that will last until when you receive both the principal and earned interest. Therefore, whenever you receive some payment your balance continues to earn interest. This investment may best suit people who have not had the opportunity if investing while they were young but still want to invest.

However, if you are still young and have some years before you retire, the deferred option is more likely a better choice to consider. In this case, you can pay your principal deposit in instalments up to the time that you will retire. However, if you wish to make a single huge deposit your custodian will also accept it. Another feature with this scheme is that you will not be able to make any withdrawal or receive payments before your retirement. In the event whereby this is extremely necessary, you can make such a withdrawal but there will be hefty tax penalties. However, there are some situations which the tax code can exempt you from these penalties.

When you own some deferred fixed annuity, then you can pay for a dependants’ fees for college education so long as he or she has qualified to one of such institutions. The other case would be to buy your first home. Apart from these advantages, the greatest one would be the absence of taxes on all interests earned before retirement and before any withdrawal. Moreover, when you start receiving payments from this investment scheme, you will only be taxed for the earned interest. Therefore, your principal amount will not be subjected to taxes.

Some people will wonder if they can invest in these schemes. Well, if you want to have an assured source of income after your retirement or you are a person who does not like putting in high-risk schemes, then this type of annuity may be a good fit for you. In this case, your interest rates will not depend on how well the stock market is doing because you will have the assurance of some minimum rate despite these trends. Moreover, this scheme may be better than depositing your money in a savings account. This is because interest from such an account will be taxed whereas that from your annuity account will not be subjected to such taxes. Therefore, your money may have the opportunities to increase at much faster rates.

Simply enter you zip code on the top of this page followed by some basic information to compare fixed annuity rates for free!