Type of Annuities

Immediate Annuities

For a specified period of time or for the rest of your life, you can use an immediate annuity for regular payments. Immediate annuities are single payment annuities. A large sum of cash can be used for income for a specific time frame. These are not intended to offer liquidity or growth.

Income Annuities

An annuity that is fixed or variable paying a certain monthly amount. Income annuities are usually purchased in a lump sum and are used to provide a stable income for retirement.

Deferred Annuities

This annuity will begin payments from a specific date. Usually these are purchased with payments or sometimes a single payment. These payments are typically made while the insured is working in order to receive payments during their retirement.

Fixed Annuity

This annuity is used for retirement or savings for long term investors that want to have the stability of a fixed interest rate with no risk that they'll every lose any of the principal. A fixed annuity will provide steady and guaranteed growth with the tax-deferred benefit.

Indexed Annuity

Similar to traditional fixed annuities, index annuities also includes the option to participate in stock market gains. If you elect the index allocations, the interest rate credited to their fixed index annuity contract is linked to specific market indices (such as the S&P500) that you can choose on an annual basis. Once the interest is credited, your contract is guaranteed that it can never go down based on future market fluctuations.

We work with multiple A+ rated carriers to bring you the best coverage for your needs and budget. Please feel free to call us at 704-315-2292 with any questions or email them and an insurance agent will reply promptly.

Buying an annuity is one way to help build your retirement assets and achieve your long-term financial goals.
 Understanding Fixed Index Annuities 

1. Purchase Your Annuity
You give the insurance company money in one or more payments. The insurance company then invests it on behalf of all annuity owners to support the benefits of the contract.

2. Accumulation Phase
During the accumulation phase, your annuity will earn a fixed rate of interest that is guaranteed by the insurance company or an interest rate based on the growth of an external index.

3. Tax-deferred Growth
You defer paying taxes on your contract's interest until you receive money from the contract. Tax-deferred interest means the money in your contract can grow faster.

4. Distribution Phase
After a period of time specified by your contract, you may then receive the amount allowed by your contract in a lump sum, over a set period of time, or as income for the rest of your life.

They offer a number of features such as:

Principal protection and potential interest to help you accumulate money for your retirement.

Tax-deferred growth, which may help your savings accumulate faster. 

Lump sum withdrawals, or income options including income for the rest of your life.

Reassurance that your beneficiaries will get a death benefit options if you pass away before you start receiving annuity payments.